Comments from the Richmond Fed President

Fed's Barkin
  • Spending has come back faster than employment
  • US recovery has outpaced most of the world
  • I'm hopeful we're on the brink of completing the recovery
  • The question of how to unclog the labor market will be key for the recovery

He's continuing to speak and no doubt he will follow this up with a comment that it's too early to talk about tapering.

  • Inflation expectations and the business outlook is not pointing to a persistent multi-year jump in inflation
  • Supply constraints could limit potential upside in overall growth