Fed's Barkin: Economy facing a rough several months
Comments from the Richmond Fed President:
- Broad vaccine rollout probably not until summer
- Spike in fiscal spending likely 'behind us' given likely divided government
- Excess savings could propel economy
Barkin is a voter next year and I don't see him voting for anything remotely hawkish. In other Fed news, the procedural vote on Shelton's confirmation is coming in a couple minutes.