Fed's Barkin weighs in on the economy
The Richmond Fed's Thomas Barkin is on the wires weighing in on the US economy.
- As long as US consumers keep spending, US economy in a good place
- US economy given conflicting signals
- Risks to the US 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 the United States
Although Barkin is hopeful, he is also cautious about the prospects going forward for the usualy reasons. Barkin is not a voting member in 2019 nor will he be a voting member in 2020.