Fed's Barkin (2027 voter) says he takes encouragement from recent job growth, not hard to imagine possible job losses due to AI.

Nervous about the tails on both sides of the mandate. Employers outside of software are not yet reducing headcount due to AI. Longer-term bond-market-based inflation expectations do not look like it has broken out. Not leaning towards overly focusing on risks to inflation or employment. Does not feel like today is a time for strong forward guidance. Hard to reach conclusions on short- vs long-term effects of AI. Bond yields are still in a reasonable zone. Wonders if balance between supply and demand in long-term Treasury market has shifted given amount of U.S. supply. Businesses today are much less confident about their ability to raise consumer prices to recoup costs. Talked to Warsh on Tuesday but just to get acquainted; trusts him as a leader.