FED'S BARKIN: FIRMS, CONSUMERS, NOT ACTING AS IF THEY EXPECT LONG-TERM EFFECTS
FROM OIL SHOCK
BARKIN: EXPECT SLOW PROGRESS ON INFLATION, NOT A QUICK RETURN TO TARGET
BARKIN: DO NOT SEE INFLATION EXPECTATIONS AT RISK OF BREAKING OUT
BARKIN: GOODS FIRMS FEEL PRICING POWER IS LIMITED, BUT SERVICES FIRMS FEEL THEY
HAVE MORE LEEWAY
BARKIN: CONSUMER SPENDING STILL SEEMS RESILIENT
