Tom Barkin on Why Central Banking Is on Hard Mode Now

In this episode of the Odd Lots podcast, hosts Tracy Alloway and Joe Weisenthal interview Richmond Fed President Tom Barkin from Jackson Hole. They discuss the balance between employment and inflation risks, interpretations of Jerome Powell's speech, and the impact of tariffs on various sectors, particularly in North Carolina. Barkin shares his perspective on the challenges of monetary policy, the stickiness of inflation, and the potential for economic reacceleration, while also addressing concerns about Fed independence and the long-term effects of inflation.