Fed's Barkin: I'm looking to be convinced that inflation is headed to target
<ul><li>Improvement on inflation is still pretty narrow and focused on goods</li><li>Says he's open to lowering rates once inflation is on track to 2%</li><li>Conceivable that banks want to hold more liquidity than they did before the pandemic</li></ul><p>This isn't a surprise. Previously Barkin has talked about 'toggling' rates back down to lower levels once inflation was on track.</p>
This article was written by Adam Button at www.forexlive.com.
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