Richmond Fed president Barkin has said that the Federal Reserve want to be ready to adjust to a fragile environment.
Key comments (possibly more to come…)
- We want to be ready adjust to a fragile environment.
- U.S. business investment has stepped back.
- Consumer dynamics remain great.
Earlier in the day, in an interview with Bloomberg, St. Louis Fed President Bullard argued that a 50 basis points rate cut in July would be “overdone.” This sent the dollar on a tear and Fed chat is a key focus, as is U.S. data leading into the Federal Reserve decision next month.