It’s too early to determine the impact of tariffs and other Trump policies on the economy, but the uncertainty is having an effect, the Federal Reserve Bank of Richmond president said.
The U.S. Federal Reserve is still leaning toward further rate cuts this year, although uncertainty about the impact of new Trump administration initiatives on things like tariffs, immigration and ...
Federal Reserve Bank of Richmond President Thomas Barkin hailed the U.S. economy’s strength, forecasting more growth to come in 2025. “I think it’s fair to say: No one predicted this ...
Federal Reserve Bank of Richmond President Thomas Barkin joined a chorus of central bank officials who’ve said they need more time to understand where the US economy and inflation are headed ...
whereas Richmond Fed President Thomas Barkin said it remains impossible at this early stage to know where cost increases from any tariffs might be absorbed or passed along to consumers.
One area of concern for the U.S. economy is that big businesses may be pulling back from making new investments given the uncertainty surrounding the economic policies of the Trump administration, ...
Richmond Federal Reserve President Thomas Barkin remarked on Wednesday that December’s US inflation data suggests price pressures are continuing to ease. His comments came after a government ...
In an interview with Bloomberg on Wednesday, Richmond Federal Reserve President Thomas Barkin said that he still thinks the policy rate is modestly restrictive, per Reuters. "Looking forward ...
The administration's piecemeal approach may be damaging, Fed officials say, as businesses and consumers adjust to an outlook ...
The Federal Reserve is widely expected leave its benchmark interest rate steady this week, but economists and market participants will be keeping a close eye on what Fed officials say about the state ...