The U.S. economy is in a good place, but the labor market bears watching, Richmond Fed President Tom Barkin said Tuesday. “So, the labor market might be fine or it might continue to weaken,” Barkin said,

You can almost feel it now. After months of market speculation about who would become the next US president and what that would mean for markets, we’re coming back to the present. Don’t get me wrong,

With inflation close to the Federal Reserve's 2% target, the labor market resilient, and the U.S. central bank in the process of lowering borrowing costs, policymakers are ready to respond if inflation pressures rise or the job market weakens,

CNBC's Steve Liesman reports on the latest comments from Richmond Federal Reserve president Tom Barkin.

Federal Reserve Bank of Richmond President Thomas Barkin said the economy is in a good place, which has allowed the US central bank to lower borrowing costs.