Fed Thomas Barkin
  • Six-month PCE inflation now 'just below' 2% target'
  • 'You can see the case' for a soft landing developing but it is not inevitable
  • Risks include delayed impact of high rates on credit, outside shocks, services inflation getting stuck and strong demand
  • Potential for additional hikes remains on the table
  • Suggests less focus on path of rates and more on whether inflation continues to fall and economy remains strong