Odd Lots · Monday, August 31, 2026
Richmond Fed President Tom Barkin addressed concerns about inflation, stating that while it's not definitively heading in the wrong direction, it is not yet in the desired place. He also commented on the labor market, describing it as stable with a low unemployment rate but not 'frothy,' continuing a trend of low hiring and low firing.
“And I'm not saying inflation is definitely heading in the wrong direction. It's just not in the right place. And that's how I think it's not in the right. place.”
“I also would say the job market's good, but it's not frothy. I mean, this low-hire, low-fire thing continues. And so that's where the policy thing will figure out.”