Richmond Fed President Tom Barkin is delivering his prepared in a speech in Roanoke, V, with key quotes, via Reuters, found below.
- If economy needed stimulus in future, Fed might need to employ unconventional policies like those used after great recession.
- Fed should continue raising rates; Fed’s benchmark rate is not yet back to normal level.
- Labor market is really tight, inflation is at target.
- Tariffs concerns are rising; economy faces risks in geopolitics, market volatility and effects of higher interest rates.
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