Barkin: economy firming; inflation risks not limited to energy
Richmond Fed President Tom Barkin said US economic conditions are firming, with consumer spending continuing and strength beyond the AI boom, while inflation risks outweigh and are not limited to energy, keeping the Fed focused on inflation.
US economic conditions are, if anything, firming, Richmond Fed President Tom Barkin said Tuesday, citing continued consumer spending and strength beyond the boom in artificial intelligence as reasons the Federal Reserve remains focused on inflation. Barkin said the risks to inflation outweigh the risks to employment, and that those risks are not confined to energy.