Federal Reserve Bank of Richmond President Barkin:
- Current moderately restrictive stance is a good place to be. If conditions shift, the Fed can adjust.
- Current levels of uncertainty could dampen consumer and business spending.
- Federal government policy currently at center stage. The pace of change has created a sense of instability.
- Direction of federal policy changes may be known, but the extent and how they net out in the economy remains uncertain.
- Regarding tariffs, given recent high inflation there could be more of an impact on prices. But it’s still not known where rates will settle or how affected countries, businesses, and consumers will respond.
- In the current environment, it’s hard to imagine the economy breaks toward more hiring.
This article was written by Eamonn Sheridan at www.forexlive.com.
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