US economic data points to an economy that’s expanding while price growth is slowing, but the progress isn’t sufficient for the Federal Reserve to declare victory on inflation, Richmond Fed President Thomas Barkin said. “The economy is still growing — unemployment is still 3.9% and as you showed a little bit ago, inflation does seem to be settling. So all that’s good,” Barkin said in an interview with Fox Business Monday. “But the job’s not done, and so you have to keep on until you get the job done, and we’ll see where we land.” US central bankers held the benchmark policy rate steady for a second time earlier this ... (full story)