Fed’s Barkin Says Labor Market Key to Assessing Demand, Prices
- Officials have time to see if more work is needed on inflation
- Barkin says he supported decision to leave policy rate steady
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Federal Reserve Bank of Richmond President Thomas Barkin said policymakers have time to determine if they need to do more work to cool inflation and that the labor market may offer some insight.
“We have time to see if we’ve done enough, or whether there’s more work to be done,” Barkin said Thursday in remarks prepared for an event in New York organized by the Money Marketeers of New York University.