Richmond Fed President Tom Barkin said on Tuesday that the outlook for monetary policy remains in a “delicate balance” amid the conflicting pressures from rising unemployment and still-elevated inflation. Barkin added that interest rates are now within the range of estimates for the so-called neutral rate following last year’s policy easing. At the same time, Fed Governor Stephen Miran said the central bank will need to lower interest rates by more than a percentage point this year, arguing that monetary po ...