Richmond Fed President Barkin in Virginia

  • How high rates need to rise depends on economic growth

  • Strong economy, fiscal stimulus ease normalization risk

  • Fed should follow through with normalizing rates

  • Unemployment is low, inflation effectively at Fed goal

  • Tariff concerns making people more nervous

  • US faces challenge of unlocking sustained growth

  • Richmond Fed estimates productivity growth around 1.25%

Definitely a hawkish slant to these comments. A December hike is looking more likely.