U.S. Treasury yields were lower at the long end of the curve on Wednesday as investors assessed the outlook for interest rates ahead of the Federal Reserve's Jackson Hole symposium.
At the shorter end of the curve, yields were marginally higher.
"We have one big weapon and that is credibility," Barkin said to the Danville Pittsylvania County Chamber of Commerce.
"There is nothing magic about 2 except that when you set that as a target you probably want to achieve it."
On the data front, S&P Global's flash purchasing managers' index readings for August are due at 9:45 a.m.
Persons:
Jackson, Jerome Powell, Thomas Barkin, Barkin
Organizations:
Treasury, Federal, Richmond Fed, of Commerce
Locations:
Wyoming, Danville Pittsylvania County