Fed's Barkin backs a rate hike, unsure on further increases, hopes period resembles 1990s mid-cycle adjustment

Richmond Fed President Thomas Barkin said he supports a rate increase but remains unsure about further hikes, adding he hopes the current period resembles the 1990s mid-cycle adjustment. He said the labor market is not overheated or particularly tight and he sees little evidence consumer balance sheets are stretched, so consumers will keep spending as long as the job market stays healthy.

Detected & updated continuously · Source: Nebula