Richmond’s Federal Reserve Bank (FED), Tom Barkin, gave an interview at Fox Business on Wednesday, reaffirming that the Fed in general is not in a hurry to cut interest rates due to the possible impact of Trump administration tariffs.
Key points
- The employment report reflects the impact of the deceleration of immigration.
- The change in the unemployment rate will be observed.
- There is much to learn before the next meeting, including employment, inflation and commercial policy.
- The economy is still solid.
- The next president of the FED is expected to do the best for the economy.
- Business contacts say they are still in pause, they want to see resolved commercial policy.
- Business contacts say that consumer demand is still solid, although consumers are looking for lower prices.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
