Fed's Barkin speaking
- Expects inflation to moderate over time ro more normal levels
- Spike in used cars, airline tickets are temporary
- Says TIPS market showing inflation about 2%
- Does not know how long supply chain shortages will last
- There will be a worker supply shortage over the medium-term if demand continues to bounce back. Should see workforce expand in September
Barkin is the president of the Richmond Fed. Barkin is a voting member on the FOMC this year.
