Barkin on Fed's Economic Challenge: 'Not a Comfortable Place'
Update: 2025-11-18
Description
Richmond Federal Reserve President Thomas Barkin discusses the challenges facing the U.S. central bank, highlighting the struggle to balance inflation control and strong employment. He expresses hope for clarity from upcoming data and community interviews, acknowledging the pressure on both sides of the Feds mission. Barkin notes that while some indicators suggest healthy growth, certain sectors and households face difficulties. He also mentions the availability of labor, except for skilled trades, and the need for caution due to recent layoff announcements. Barkin, not a voting member this year, did not indicate his stance on a potential interest rate cut at the upcoming December meeting.
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