- Richmond Fed president Barkin: There is still a lot of important economic data to come before next Fed meeting - Bloomberg
Market news
11 July 2019
Richmond Fed president Barkin: There is still a lot of important economic data to come before next Fed meeting - Bloomberg
- Says risks are tilted a bit more to the downside
- Markets will adjusted rates end up not suggesting a need for a cut
- Businesses are not cutting back on spending but they are not leaning forward
- Consumer companies he talks to do not see demand weakening
- If needed, rate Cuts would stimulate economy in many Ways
- Sees a low likelihood of strong price hikes in the economy
- There are not that many tariffs in the U.S. economy
- Businesses are starting to think U.S. tariffs on China may be long-term
- U.S. labor market is tight
- He is focused on economic data, not the markets
- The Fed will discuss what to do with balance sheet if they decide to change rates
- Hopes and expects that President Trump will not remove Fed Chairman Powell
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