Fed's Barkin: Having rates lower for longer does not mean 0% forever

Fed's Barkin speaking

• He is less worried about the possibility of inflation escalating in the near future
• Inflation not that far off to percent target
• Inflation expectations are stable and well anchored
• Having rates lower for longer does not mean 0% forever
• Moderate inflation driven by transparency, market power
• Hope not to quash inflation when slightly exceeds 2%

Fed's Barkin is a nonvoting member on the FOMC in 2020