According to Golden Finance, Fed Barkin said that to cut interest rates, one needs confidence in inflation; now is not the time to expect how many interest rate cuts will be this year. Stagflation in the 1970s was characterized by an imbalance in inflation expectations, but this has not been seen at this time. Concerned about inflation and employment situations and are not in a hurry to cut interest rates. It also said that the balance sheet shrinkage may be slower and last longer.