Fed/Barkin: I See Risks in Inflation and Employment

Foreks - Richmond Fed President Thomas Barkin stated that he believes both inflation and employment are moving in the right direction, but there are risks associated with both. Barkin noted that more data will be available before this month's Fed policy meeting and that he will not make a premature decision. In his remarks at the CNBC CFO Council, he said, "When you complete the recalibration and are ready to start normalizing, that is a decisive moment - and in my view, normalization is a slower, more careful path toward trying to bring interest rates down to a neutral level." Regarding monetary policy, Barkin mentioned that, "we want to be somewhat restrictive, but not overly restrictive," adding that he and his colleagues have different perspectives on what constitutes sufficient restrictiveness.