Fed’s Barkin says recent progress on inflation might be a ‘head fake’

It’s a good idea for the Federal Reserve to take its time with interest-rate cuts given all of the uncertainty about where the U.S. economy is headed, Richmond Fed President Tom Barkin said Wednesday, in an interview with MarketWatch.

“In all honesty, my forecast is uncertain. That’s why I think it’s a reasonable idea to be patient,” Barkin said.

Barkin…