[Federal Reserve's Barkin: Current Policy in Good Shape, U.S. 'Somewhat Immune' to Oil Price Shocks] BlockBeats News, May 22 – Federal Reserve's Barkin stated that current policy is in good shape and capable of handling ongoing shocks, adding that the U.S. may be 'somewhat immune' to oil price shocks. Barkin believes that, as of now, long-term inflation expectations appear to remain within a controllable range. The persistence of inflation shocks may challenge the textbook 'ignore it' approach.