Richmond Fed President Thomas Barkin highlighted growing concerns over the economic impact of the Trump administration’s upcoming tariffs. He told CNBC that the tariffs could both stoke inflation and weigh on the labor market.
“Call me nervous on both,” Barkin said, signaling that the path forward for monetary policy remains highly data-dependent.
Barkin emphasized “there’s a lot of uncertainty right now, and I think that makes the case for wait and see how this plays out.”
