Federal Reserve Bank of Richmond President Thomas Barkin stated before the RVA Big Dipper Innovation Summit on Tuesday that the expectations for inflation in the United States "may have loosened."The statement came as somewhat of a shift compared to his recent warning that the annual...
Federal Reserve Bank of Richmond President Thomas Barkin told Axios on Wednesday that while the trade conflict will likely reduce employment and increase consumer costs, price hikes may not emerge until mid-year, as businesses deplete their pre-tariff stock."As I've talked to business people,...
Federal Reserve Bank of Richmond President Tom Barkin noted Tuesday that the bond market is increasingly signaling recession risks.Speaking at the Council on Foreign Relations, Barkin emphasized the prevailing uncertainty in the economy, stating, "We are all driving in the fog." He highlighted that...
Federal Reserve Bank of Richmond President Tom Barkin said on Thursday that the bank's current moderately restrictive policy is a "good place to be" considering the uncertainty caused by the federal government policies, including United States President Donald Trump's tariffs."At our last meeting,...
Federal Reserve Bank of Richmond President Tom Barkin said Tuesday that inflation remains above target and that the central bank should remain "modestly restrictive" on interest rates until more progress is made. Speaking at the Rotary Club of Richmond, Barkin noted that while inflation has...
Federal Reserve Bank of Richmond President Thomas Barkin stated on Tuesday while speaking at the Rotary Club of Richmond that it makes sense to remain "modestly restrictive" until there is more confidence that inflation is moving toward the 2% target."I recognize the fight against inflation has...
Federal Reserve Bank of Richmond President Thomas Barkin said on Wednesday that he sees no evidence of the United States economy overheating, which would be necessary for further interest rate hikes. Instead, he said he is still "leaning" toward more rate cuts in 2025. Barkin said monetary...
Federal Reserve Bank of Richmond President Thomas Barkin commented on Thursday that the United States economy has proven resilient amid all the challenges, adding that he believes it will grow further this year."I think it's fair to say [that] no one predicted this, and that includes me. If you think...
Federal Reserve Bank of Richmond President Thomas Barkin stated on Friday during an interview with CNBC that the central bank is "well positioned" to respond effectively, no matter how the economy unfolds in 2025."The Fed is well positioned to respond regardless of how the economy develops," the...
Federal Reserve Bank of Richmond President Thomas Barkin said on Wednesday that he is "encouraged by where inflation is headed." He said he sees "positives" on both the inflation and employment sides of the Fed's mandate.He told CNBC that the Fed wants to reach a "somewhat restrictive" stance...
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