More from Fed's Barr: Inflation is far too high

More from Fed's Michael Barr:

• Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is far too high
• I don't have precise projections on unemployment rate
• It's the case that we are going to see significant softening in the economy
• Will see unemployment going up
• I have seen wide range of predictions on unemployment rate
• Fed will be data dependent and employment is one of the indicators we look at.
• We are not in a recession
• attentive to risks from Ukraine war, China
• as economy is a softening, we are attentive to credit risk
• it would be good to have better information on hedge funds
• we are seeing higher volatility in treasury markets
• with an increased volatility has, reduction in liquidity
• we are very attentive terms of risks that may lie ahead

Barr has been focusing his comments on the regulatory environment and risks this morning. The more recent are shifting a bit to the economy but are still somewhat superficial.