April 19, 2024· 18 min

Richmond Fed President Tom Barkin On Getting Inflation Under Control

Orality
Model
67%
Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(535 words)
M:28%
HostJoe Weisenthal(457 words)
M:29%
GuestTom Barkin(2,248 words)
M:28%

Oral Indicators

Agonistic28%
literally, completely, certainly
Engagement75%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
think (30x), it's (28x), know (27x)
Parallelism96%
And I'm Joe Weisenthal...., So, Joe, we have a treat for A..., So we were actually on a repor...
Sound Patterns69%
27 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases5%
i mean

Literate Indicators

Hedging16%
somewhat, might, suggest
Passive Voice6%
being undertaken, be open, are frustrated
Abstract Nouns22%
investment, recommendation, business
Subordination10%
while, because, until
Sentence Length34%
Avg: 13.5 words/sentence
Word Complexity47%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style25%
292 personal pronouns found
Descriptive Style73%
literally, completely, actually

Description

At the end of 2023, there was a lot of optimism that the US economy was on that glide path to a soft landing. But at least in the first quarter of this year, inflation has come in hotter than expected. So is this just a speedbump on the way back down to 2%? Or is this a new trajectory for inflation that will make the Federal Reserve rethink its existing approach? On this bonus episode of Odd Lots, we caught up with Richmond Fed President Tom Barkin in Mount Airy, North Carolina, to get his assessment of the latest data, and what it means for policy. He explains why he thinks policy is still restrictive, and why he doesn’t see evidence yet of overheating demand. See omnystudio.com/listener for privacy information.