Fed's Barkin: No Signs of Runaway Inflation from Long-Term Bond Market Expectations

On May 22, Fed's Barkin expressed encouragement from recent job growth but noted the potential job losses that could arise from artificial intelligence. Employers outside the software industry have not yet reduced their workforce due to AI. He also stated that, based on inflation expectations reflected in the long-term bond market, there are currently no signs of runaway inflation, and bond yields remain within a reasonable range.