BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Richmond Fed’s Barkin Sees Limited Downside in Inflation and Jobs Despite Recent Setbacks
Richmond Fed’s Barkin Sees Limited Downside in Inflation and Jobs Despite Recent Setbacks
23
2
BTCCSquare news:
Richmond Federal Reserve President Thomas Barkin expressed cautious Optimism about the U.S. economy, acknowledging recent upticks in unemployment and inflation but downplaying systemic risks. "We're very much focused on trying to land the plane here," Barkin told Bloomberg Television, emphasizing the Fed's dual mandate of price stability and maximum employment.
While noting two food processors in his district lost hundreds of workers due to immigration status changes, Barkin observed these positions were quickly refilled—a potential early indicator of labor market softening. The comments preceded key Personal Consumption Expenditures data release, with Barkin remaining noncommittal about October rate cuts despite growing market speculation.
By:
