Fed’s Barkin Says Balance Between Jobs, Inflation Risks Unclear

Federal Reserve Bank of Richmond President Tom Barkin said uncertainty over the direction of the US economy is decreasing, but it’s still unclear whether the central bank should concentrate more on controlling inflation or bolstering the job market.

“The fog is lifting,” Barkin said Tuesday at an event in Chicago, pointing to enacted tax legislation, tariff deals and rebounding consumer and business sentiment. But risks remain, he added.