The President of the Federal Reserve Bank of Richmond, Thomas Barkin, spoke to reporters earlier today, before a speech to a virtual event.<\/p>\n\n\n\n
\u2018\u2019It\u2019s hard to find a huge drop in the real-time data.\u201d<\/p>
\u201cI\u2019m thinking about credit-card spending which I get to see every week. It really hasn\u2019t taken a step back yet.\u201d<\/p>
\u201cI\u2019m intrigued by what the Bank of Canada has done in terms of duration extension.\u201d<\/p>
\u201cI think that is an interesting technique if we decide the economy needs some more stimulus.\u201d<\/p>
\u201cWe have a relatively flat yield curve at relatively low levels.\u201d<\/p>
\u201cIt is not compellingly obvious to me that the big challenge we have right now is around how do we lower Treasuries another few basis points.\u201d<\/p>
\u201cIt is easy to imagine that this will lead the recovery to flatten over the next few months as we try to work our way through the winter.\u201d<\/p>
\u201cI\u2019m also reasonably hopeful on the vaccine for the virus. If that comes in say at the end of the second quarter, then you can imagine some light at the end of the tunnel.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"
The President of the Federal Reserve Bank of Richmond, Thomas Barkin, spoke to reporters earlier today, before a speech to a virtual event. \u2018\u2019It\u2019s hard to find a huge drop in the real-time data.\u201d\u201cI\u2019m thinking about credit-card spending which I get to see every week. It really hasn\u2019t taken a step back yet.\u201d\u201cI\u2019m intrigued by …<\/p>\n","protected":false},"author":10,"featured_media":32060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[36],"tags":[6867],"class_list":["post-37876","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-market-updates","tag-federal-reserve"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=37876"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37876\/revisions"}],"predecessor-version":[{"id":37878,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/37876\/revisions\/37878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32060"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=37876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=37876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=37876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}