Fed’s Barkin says CPI ran too hot, keeps October decision open
Richmond Federal Reserve (Fed) President Thomas Barkin, a voter in 2027, said Wednesday that he doesn’t see AI job losses happening at scale, adding that investment is mostly focused on AI.
“I do not want to project the outcome of the October FOMC meeting,” said Barkin, adding that CPI data “was higher than I would have hoped.” He added that the PPI release will help him to inform his inflation outlook.
Key highlights:
Not seeing AI job losses happening at scale
No question investment side of economy largely from AI.
Cannot count on AI investment to grow till end of time.
I do not want to project the outcome of the October FOMC meeting.
The CPI report was higher than I would have hoped.
Tomorrow's producer price data is going to help inform my inflation outlook.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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