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Fed's Barkin: Limited Inflation Risks Amid Strong Labor Market

9/27/2025

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Summary

Story summary

Thomas Barkin, president of Richmond Federal Reserve, says unemployment and inflation risks are limited.
Rate cuts aim to support the labor market while inflation remains above 2%.
Consumer pushback may limit tariff-driven price increases as import costs rise.
August spending rose 0.4% and unemployment was 4.3%.
Barkin cites strong second-quarter earnings and rising stock prices as signs of business optimism.

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Story summary

Thomas Barkin, president of Richmond Federal Reserve, says unemployment and inflation risks are limited.
Rate cuts aim to support the labor market while inflation remains above 2%.
Consumer pushback may limit tariff-driven price increases as import costs rise.
August spending rose 0.4% and unemployment was 4.3%.
Barkin cites strong second-quarter earnings and rising stock prices as signs of business optimism.