Speaking to the Economic Club of New York, Barkin noted the progress against higher prices, but warned that “the plane has not landed yet.”

“So, it’s possible that we will return to the pre-pandemic economy pretty seamlessly. It is also possible that the landing might be somewhat bumpier, with continued inflation pressure or demand challenges that we will need to counteract,” he said in prepared remarks. “That’s why I think it is smart for us to take our time.”


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