Fed’s Barkin not ready to embrace 50 bps cut debate, says +114K jobs is ‘reasonable’
globalreutersAugust 2, 20241 Mins read Jeanna Smialek from the New York Times is out with some comments from the Fed’s Barkin, who is also set to speak on TV shortly.
“More significant reductions typically would be associated with an
economy that feels like it’s deteriorating rapidly. And again, 114,000
jobs, while not as good as we’ve been running, on a long-term basis, is a
reasonable number,” Barkin told her.
This article was written by Adam Button at www.forexlive.com.
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