Fed's Barkin: Sticky inflation, better jobs data could shift the risk outlook for the Fed - BBG TV

WASHINGTON, March 5 (Reuters) - Richmond Fed president Tom Barkin said still high inflation and stronger recent jobs numbers may shift the Fed's risk outlook at a time when the U.S. conflict with Iran could further push up key consumer prices.

Fed rate cuts last year were based on "the sense that the risks of the labor market were up while the risk to inflation were down. The data that's come in over the last couple months suggests it has moved in the other direction," Barkin said on Bloomberg Television.

"With the PCE numbers that we're expecting next week, you've got a couple months of relatively high inflation. That certainly puts pause to any conclusion that we're done fighting this," Barkin said of a coming report expected to show the Personal Consumption Expenditures price index still about a percentage point above the Fed's 2% target.