- Fed's Barkin said he would not yet make an overheating case for the economy.
Fed's Barkin said he would not yet make an overheating case. The economy is firming and not weakening. Earlier in the same appearance, Barkin noted the labor market is not overheated, that tariff and energy shocks are not fading, and that much of the PCE index is rising above 3%. He warned high inflation today could spill into future expectations.
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