Fed's Barkin: If the US has a recession, it would likely be less-severe one

<p>This is the only headline so far from his comments. I'll watch out for more.</p><p>I agree it would probably be less severe, in part because the Fed has 500 bps of ammo to fight it.</p><p>More:</p><ul><li>Try not to focus too much on short-term market moves</li><li>Fed needs to achieve 2% target to ensure its credibility</li><li>Accounting for implications of work-from-home still has a ways to go</li><li>Credit card debt is basically on-trend from from before the pandemic</li><li>Balance sheet normalization is a 'background' policy at this point</li></ul>

This article was written by Adam Button at www.forexlive.com.