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Fed's Barkin: Economic uncertainty decreases, challenges remain in balancing inflation and employment.
[Bitu] According to reports, Fed's Barkin stated that the uncertainty surrounding the direction of the U.S. economy is diminishing, but it remains unclear whether the Central Bank should focus more on controlling inflation or supporting the labor market. He pointed out that while "the fog is lifting," risks still exist. Barkin emphasized that the balance between inflationary pressures and unemployment pressures remains unclear, and he mentioned that a wealth of information will be gathered before the next meeting to adjust policy positions in a timely manner.