{"id":43466,"date":"2021-03-25T20:15:49","date_gmt":"2021-03-25T16:15:49","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=43466"},"modified":"2021-03-25T20:15:51","modified_gmt":"2021-03-25T16:15:51","slug":"feds-barkin-monetary-policy-is-based-on-outcomes-not-projections","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/feds-barkin-monetary-policy-is-based-on-outcomes-not-projections\/03\/25\/market-updates\/","title":{"rendered":"Fed\u2019s Barkin: Monetary Policy is Based on Outcomes not Projections"},"content":{"rendered":"\n<p>The United States could see strong economic growth for a number of years, supported by consumers spending excess savings that made during the pandemic, President of the Federal Reserve of Richmond Tom Barkin told Reuters.<\/p>\n\n\n\n<p>Barkin reportedly refused to discuss in more detail his expectations for interest rates and bond buying by the Fed, saying that the Fed wants to base its policy on outcomes, not forecasts.<\/p>\n\n\n\n<p>However, he believes that it is possible for substantial progress towards the Fed\u2019s employment and inflation goals to be achieved in 2021.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cIt is pretty straightforward for me to imagine we are going to make substantial further progress on the pricing front.\u201d<\/p><\/blockquote>\n\n\n\n<p><\/p>\n\n\n\n<p>\u201cI would like to hope we have a pretty strong spring and summer,\u201d Barkin said when asked about achieving full employment.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cThere are various outcomes that I would eagerly embrace as opportunities to begin the process of normalization. There are outcomes I would eagerly embrace the need to wait.\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The United States could see strong economic growth for a number of years, supported by consumers spending excess savings that made during the pandemic, President of the Federal Reserve of Richmond Tom Barkin told Reuters. Barkin reportedly refused to discuss in more detail his expectations for interest rates and bond buying by the Fed, saying &hellip;<\/p>\n","protected":false},"author":10,"featured_media":32921,"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-43466","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\/43466","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=43466"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43466\/revisions"}],"predecessor-version":[{"id":43467,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/43466\/revisions\/43467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/32921"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=43466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=43466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=43466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}