- January 10, 2022
- Posted by: Stratford Team
- Category: Economy
Good day. Federal Reserve Bank of Richmond President Thomas Barkin, in an interview with The Wall Street Journal, said he thinks it is possible the central bank will be able to lift rates at the March FOMC meeting. “If you’ve got an economy that continues the levels of unemployment that we’re living through now, which of course is very healthy, with price pressures elevated, I think according to our mandate and framework, we need to move toward normalization,” he said. Separately, San Francisco President Mary Daly said she supports the Fed shifting fairly quickly to shrinking the size of its nearly $8.8 trillion balance sheet once interest-rate rises start. Their comments came as the Labor Department said the U.S. unemployment rate fell to 3.9% in December from 4.2% in November, a decline analysts see as likely to keep the Fed on track to lift interest rates from near zero at their March meeting.
Now on to today’s news and analysis.
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