Fed's Barkin: 25bp rate cut doesn't matter anyway, the question is when to change the narrative

Fed's Barkin said he was confident that the Fed would discuss at its July policy meeting whether it was still appropriate to describe inflation as high, and that a 25 basis point rate cut was irrelevant in any case; the question was when to change the narrative. The best way to maintain credibility is to do the right thing at the right time. (Jinshi)