Fed's Barkin: Not seeing inflation as trigger for more accomodation

Richmond Fed President speaking in Idaho

• Job market historically strong, inflation outlook stable
• Inflation may be closer to target than thought
• Roller coaster for business confidence continues
• US economy is struggling with confidence
• Not seeing much case for stepping on brakes or on gas
• US economy is struggling with confidence
• business confidence is fragile, uncertainty rising

The comments from Barkin and Bostic seem to be trying to dampen markets expectations a bit for big trends in rate declines but still maintaining that there are risks.