Fed's Barkin: can't rely on tightening from long-term rates
© Reuters. FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir/File Photo
"Longer-term rates have moved up, that's certainly tightened financial conditions...the challenge with depending on rates is they can move," Barkin told reporters after a speech at the Real Estate Roundtable in Washington, D.C. "I understand so little about the long end of the yield curve that I try not to over index them," Barkin said."I have no idea where rates are going to be three weeks from now, given what's happening globally."
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