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Operating with Limited Data

Tom Barkin

Speech from Federal Reserve Bank of Richmond

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.

Keywords: Business Cycles; Economic Growth; Inflation; Monetary Policy (search for similar items in EconPapers)
Date: 2025-11-18
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Persistent link: https://EconPapers.repec.org/RePEc:fip:r00034:102116

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