Fed's Barkin: Policy in a mildly accommodative place

Richmond Feds Thomas Barkin

Richmond Fed's Thomas Barkin seems to be answering some questions from his speech in Virginia:

• Fed policy is in a mildly accommodative place following the rate cuts this year.
• Current level of inflation not the worst outcome given that expectations seem well anchored
• Does not expect rate cuts to make a big difference in investment
• Weak investment more a product of overall climate for business, uncertainty over trade regulation, geopolitics.