Bloomberg: Fed’s Barkin: Now a Good Time to Pause and Observe Policy Impact

By Craig Torres November 5, 2019 Federal Reserve Bank of Richmond President Thomas Barkin says the central bank has taken out “insurance” against uncertainty facing the U.S. economy by cutting interest rates three times and “I hope we will see over the next six months the kind of impact...
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MarketWatch: Fed’s Barkin says recession is not imminent

By Greg Robb November 5, 2019 There is a risk that U.S. businesses could convince themselves that bad times are around the corner and actually cause a downturn, said Richmond Federal Reserve President Thomas Barkin on Tuesday. Right now, firms are frustrated with political polarization and there is a...
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The Baltimore Sun: Amid recession worries, Maryland officials look forward to end of federal sequester

By Lillian Reed November 5, 2019 A recession might be looming, economists say, but Maryland Board of Revenue Estimates Director Andrew Schaufele believes the state’s close ties to the federal government and the end of the federal sequester budget cuts in 2021 could buoy the state’s economy. During a...
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Reuters: Fed’s Barkin: It’s a good time to pause interest rates

By Lindsay Dunsmuir November 5, 2019 The U.S. Federal Reserve should hold interest rates steady for the time being after last week’s cut in borrowing costs and assess how the economy evolves, Richmond Fed President Thomas Barkin said on Tuesday. “I think where we’ve gone now is that we’ve...
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GBC’s Economic Outlook Conference 2019 Presentations

The GBC’s 2019 Economic Outlook Conference took place on November 5, 2019. Guest speakers included Tom Barkin, President and CEO, Federal Reserve Bank of Richmond; Andrew M. Schaufele, Director of the Bureau of Revenue Estimates, Comptroller of Maryland; and Bernard Yaros, Assistant Director and Economist, Moody’s Analytics. The conference covered a...
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