More from Fed's Barkin: Some slow down needed to lower inflation

<p>Federal Reserve Bank of Richmond President Thomas Barkin spoke earlier on "The New Job Hierarchy" before the Money Marketeers of New York University:</p><ul><li><a href="https://www.forexlive.com/centralbank/feds-barkin-lost-data-due-to-government-shutdown-would-complicate-understanding-econ-20230928/" target="_blank" data-article-link="true">Fed's Barkin: Lost data due to government shutdown would complicate understanding econ</a></li></ul><p>From the Q&amp;A:</p><ul><li><a href="https://www.forexlive.com/centralbank/feds-barkin-fomc-has-time-to-see-data-before-deciding-whats-ahead-4-rates-watching-cpi-20230928/" target="_self">Fed's Barkin: FOMC has time to see data before deciding what's ahead 4 rates, watching CPI</a></li></ul><p>And more now:</p><ul><li>
Unclear how far Fed will have to take balance sheet wind down</li><li>Surprised economy
has been so strong despite aggressive fed action</li><li>Fed tightening still
working its way through economy</li><li>Future job market
gains depend on lowering inflation</li><li>Some slow down
needed to lower inflation</li><li>Effort to lower
inflation will have smaller job market impact this time</li><li>Expects some amount
of unemployment rise</li><li>Decline in fed
reverse repo take up isn't a surprise</li></ul><p>Major FX rates are little changed. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.