Fed’s Barkin Says Risks to Employment, Inflation Are Limited

Federal Reserve Bank of Richmond President Tom Barkin said while unemployment and inflation have both moved away from the US central bank’s goals, he sees only limited risk of further deterioration on both fronts.

“We’re very much focused on trying to land the plane here and balancing inflation and unemployment,” Barkin said Friday in an interview on Bloomberg Television. “Both of them have ticked in the wrong direction — but on the other hand, the downside is limited, and we’re just going to have to adjust our stance as we learn more.”