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Fed shifts focus from labor market back to inflation
Tom Barkin, president of the Federal
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Tom Barkin, president of the Federal Reserve Bank of Richmond, said yesterday that last year's interest rate cuts helped to strengthen the labor market and that officials are now focused on bringing inflation back to the central bank's target. "I think of these cuts as having taken out some insurance to support the labor market as we work to complete the last mile to bring inflation back to target," Barkin said Tuesday at an event in Columbia, South Carolina. He said the
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