Fed's Barkin: Economy 'Reasonably Healthy' But March Rate Cut Possible If Inflation Cools
• Richmond Fed President Tom Barkin says the economy is "reasonably healthy" though inflation remains above the Fed's 2% target
• Barkin isn't ruling out a rate cut at the March Fed meeting, saying policymakers "make the call when you get to the meeting"
• Other Fed officials have said March cuts are unlikely as inflation remains elevated
• Barkin is watching inflation closely, especially the behavior of companies with pricing power, for signs it's approaching 2%
• There's a risk the Fed has already overtightened policy and rate hikes will drag on the economy due to policy lags