FED'S BARKIN WARNS INFLATION RISKS REMAIN ELEVATED Richmond Fed President Thomas Barkin says inflation remains the primary risk to the Federal Reserve's dual mandate, calling for monetary policy to move carefully. Barkin describes the US economy as “remarkably stable,” with resilient consumer spending, strong corporate earnings and healthy lending demand. However, businesses report broad-based cost pressures and plans to pass higher expenses on to consumers. Layoffs remain muted despite weak consumer sentiment.(彭博社)