Below are some key takeaways, via Reuters, from the prepared speech delivered by Richmond Fed President Tom Barkin at an event organised by the Raleigh Chamber of Commerce.
- Expects growth to continue though at a somewhat slower pace.
- Trend core growth is only in the 1.9% range.
- Hears concern partly driven by trade, politics, market, margin pressure.
- Productivity slowdown is real, due partly to business underinvestment.
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