STATEMENTS FROM FED MEMBERS
Fed member Barr
- I expect some further softening in the US labor market
- Monetary policy cannot be indifferent to financial risks
- The most important question is how long interest rates will remain high.
I agree with Powell that we will proceed cautiously on prices.
- The most important issue is not whether an additional interest rate increase is needed this year.
- The most important question is how long we should keep interest rates at a limited level; I guess it will take some time
- The full effects of past compression will emerge in the coming months
- My basic prediction is for below-potential GDP growth next year and further softening of the labor market.
- Labor market is tight but supply and demand are coming into better balance
- I see the possibility of a soft landing higher than in the previous period
#Bitcoinfell after these statements