Fed’s Barkin: Current policy is in a good place; the U.S. is “somewhat immune” to oil price shocks

BlockBeats News, May 22, Federal Reserve’s Barkin stated that the current policy is in a good position to deal with ongoing shocks, and the United States may be somewhat immune to oil price shocks.

Barkin believes that, so far, long-term inflation expectations still appear to remain within a controllable range. The persistence of inflation shocks may challenge the textbook-style "ignore" approach.