A post by @FirstSquawk on X.
FED'S BARKIN SAYS THE DIRECTION OF MONETARY POLICY IS “STRAIGHTFORWARD” BUT IT IS BEST TO MOVE POLICY “WITH CARE,” AND THAT CONSUMER SENTIMENT IS “BLEAK” THOUGH CONSUMERS CONTINUE TO SPEND, SUPPORTED BY A RESILIENT JOB MARKET
@FirstSquawk on X
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Richmond Fed President Thomas Barkin said the direction of monetary policy is "straightforward" but argued the central bank should move "with care," signaling a preference for gradual rate adjustments. Barkin described consumer sentiment as "bleak" while noting that spending remains resilient, underpinned by a strong job market. The remarks matter because they suggest Fed officials see a clear policy path but remain cautious about the pace of changes amid mixed signals on household confidence and demand. Traders will watch upcoming inflation and labor data, along with other Fed speakers, for confirmation of how quickly the central bank acts.
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Thomas Barkin, Federal Reserve