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Richmond Fed President Thomas Barkin said inflation remains the chief risk to the Fed's dual mandate and urged careful calibration of monetary policy. He characterized the U.S. economy as "remarkably stable," signaling the central bank is not rushing to adjust rates. The comments matter because they push back on expectations for near-term easing and keep the policy path data-dependent. Traders will watch upcoming inflation prints and Fed communications for confirmation of Barkin's cautious stance.

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Thomas Barkin, Federal Reserve, Richmond Fed