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Operating with Limited Data

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Listed:
  • Tom Barkin

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.

Suggested Citation

  • Tom Barkin, 2025. "Operating with Limited Data," Speech 102116, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:r00034:102116
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    File URL: https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2025/barkin_speech_20251118
    File Function: Speech
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