Barkin said that although the unemployment rate is still low by historical standards, policymakers are paying close attention to both aspects of the dual mission to control inflation while promoting employment growth. “Currently, recruitment activity is sluggish, and no one wants to see the labor market deteriorate further; yet the level of inflation has been above target value for almost five years, and no one wants high inflation expectations to solidify. It's a delicate balance.” The Richmond Federal Reserve Governor anticipates that tax cuts and deregulation measures will drive economic growth this year; at the same time, as official data is released again after the government shutdown is over, policymakers will develop a clearer understanding of the economic situation in the next few months. He said, “I'm looking forward to in-depth research and understanding in the next few weeks as reliable and clear economic data are released one after another.”

Barkin said that although the unemployment rate is still low by historical standards, policymakers are paying close attention to both aspects of the dual mission to control inflation while promoting employment growth. “Currently, recruitment activity is sluggish, and no one wants to see the labor market deteriorate further; yet the level of inflation has been above target value for almost five years, and no one wants high inflation expectations to solidify. It's a delicate balance.” The Richmond Federal Reserve Governor anticipates that tax cuts and deregulation measures will drive economic growth this year; at the same time, as official data is released again after the government shutdown is over, policymakers will develop a clearer understanding of the economic situation in the next few months. He said, “I'm looking forward to in-depth research and understanding in the next few weeks as reliable and clear economic data are released one after another.”