Fed's Barkin: The fundamental outlook for 2025 is positive, and the upside risks to growth outweigh the downside risks

the Federal Reserve's Barkin stated that the basic outlook for 2025 is positive, with upside risks to growth greater than downside risks. Inflation has not yet returned to target levels and more efforts are needed; there are some potential upside risks to inflation. The story of 2025 will focus less on monetary policy and more on economic fundamentals, perhaps also involving geopolitics.