Fed has time to see if it has done enough in the crunch or if it should do more, says leader

The president of the Federal Reserve in Richmond, Tom Barkin, said on Tuesday that there is "progress" in the fight against inflation, which is moving in the right direction, although not yet at the point the institution is aiming for. At the Real Estate Roundtable event, he commented that he sees a mismatch between the most recent data on the US economy and what he…