Speech
Operating with Limited Data
Abstract: We have been operating with limited government data. The good news is that we aren’t navigating blind. We have other ways to keep a pulse on the economy. On net, we are seeing pressure on both sides of our mandate, with inflation above our target and job growth down. We also see mitigants on both sides, with consumer pushback and productivity improvements limiting inflation and labor supply slowing at roughly the same pace as labor demand, reducing the hit to unemployment.
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https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2025/barkin_speech_20251118
Description: Speech
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Provider: Federal Reserve Bank of Richmond
Part of Series: Speech
Publication Date: 2025-11-18