Fed's Barkin (2027 voter) says 'close call' whether rates are high enough to bring inflation down, reports WSJ

He didn't know whether he would have joined three fellow regional Fed presidents who voted this week for higher rates. "I think there is a strong case there" for adding restraint and taking back some of last year's rate cuts. After a softer inflation reading in June, "I think you could also make a case...that there's time before the next set of meetings" to determine whether the current setting is adequate. "It does not feel like a tight labour market". Said price increases are moving through the economy unevenly, making it difficult to tell how much inflation remains in the pipeline.