Story perspectives

Fed's Barkin: Economy Struggles Amid Inflation and Uncertainty

11/19/2025

Summary

Story summary

Thomas Barkin, president of the Richmond Federal Reserve, calls the U.S. economy in an "unattractive" balance with inflation above 2% and unemployment stable.
He says data and community interviews are needed to clarify direction as policymakers remain divided over rate cuts or holds.
He notes some sectors thrive while agriculture and lower-income markets face challenges.
The landscape resembles pandemic-era uncertainty, underscoring the need to understand business conditions and consumer behavior.

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Story summary

Thomas Barkin, president of the Richmond Federal Reserve, calls the U.S. economy in an "unattractive" balance with inflation above 2% and unemployment stable.
He says data and community interviews are needed to clarify direction as policymakers remain divided over rate cuts or holds.
He notes some sectors thrive while agriculture and lower-income markets face challenges.
The landscape resembles pandemic-era uncertainty, underscoring the need to understand business conditions and consumer behavior.