Richmond Fed President said inflation is still moving in the "right direction".

October 11, 2024 3:55 AM JST (excerpt).
"The fight against inflation is not over" - said President Birkin.
September employment statistics suggest low employment and low layoffs - Mr. Birkin.

Richmond Fed President Birkin expressed optimism about the progress of the inflation situation, while also mentioning potential risks that could strengthen price pressures and stating that the fight is not over.
President Birkin, at an event held in Norfolk, Virginia on the 10th, said, "Undeniably moving in the right direction," but continued, "We're not declaring victory."
Asked about factors that could lead to persistent inflation, he mentioned conflicts in the Middle East and the possibility of housing demand outstripping supply due to rate cuts.

However, he added, "I want to avoid things that would stagnate the progress of inflation and make it ambiguous that there have been many actual developments."