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16:26
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.
16:25
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BlockBeats News, May 22, Federal Reserve Chair Powell stated that the current policy stance is appropriate to withstand continued shocks, and the United States may be somewhat immune to oil price shocks. Powell believes that, so far, long-term inflation expectations appear to remain well anchored. The persistence of inflationary pressures may challenge a textbook “ignore” approach.
16:23
US President Trump claims that he may have to refund tariffs totaling $149 billion and will impose tariffs in different ways.
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