- Richmond Fed President Barkin: U.S. economy given conflicting signals
Market news
5 November 2019
Richmond Fed President Barkin: U.S. economy given conflicting signals
- As long as US consumers keep spending, U.S. economy in a good place
- Risks to U.S. economy still tilted to the downside
- Does not discount idea that US could talk itself into a recession
- He is closely watching whether this year's rate cuts have the intended effect on the US economy
- The biggest boost of the US economy would be from lessening uncertainty
- Economic headwinds mostly driven by uncertainty on trade and politics
- Risk slowing global growth will affect U.S.
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