'I think we have an opportunity here, if we can settle the uncertainty in the environment, to allow us to grow,' Richmond Fed President Tom Barkin.
Richmond Fed President Tom Barkin says he could reevaluate his stance on interest rates if major geopolitical issues such as the U.S.-China trade war reach a resolution in 2020.
"If the uncertainty reduction leads to increased hiring, increased investment, increased pricing and therefore inflation, that would be a welcome change," Barkin tells CNBC.Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, May 23, 2019.told CNBC on Wednesday that he could reevaluate his stance on interest rates if major geopolitical issues such as the U.S.-China trade war reach a resolution in 2020.
"I'm very focused on the data. If the uncertainty reduction leads to increased hiring, increased investment, increased pricing and therefore inflation, that would be a welcome change," Barkin said on "joined the Richmond Fed in January 2018 , referenced the uncertainty around the trade war, the United Kingdom's looming departure from the European Union and the likelihood of the U.S. Congress approving the renegotiated North American Free Trade Agreement.
"We have seen a lot of uncertainty over the last year, year and a half, and I do think that's been holding the economy back," said Barkin, who is not a voting member of theBarkin's comments Wednesday come hours after New York Fed President John Williams told CNBC he believed
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
NY Fed's Williams says it would take a 'material' change in economy for Fed to adjust stanceThe Fed will have to see a substantial change in the economy before changing to its monetary policy stance, New York Fed's John Williams says.
Consulte Mais informação »
'Decade of the central bank' ends with the Fed and its global cohorts in need of some new tricksNo collective entity had greater influence for the past 10 years over the economy and financial market.
Consulte Mais informação »
Stable interest rates improve CEO confidence more than partial trade deal, says chief of business group'Yes, this is good. We need phase two, which is the bigger thing and so forth. ... But interest rates are the bigger deal,' says Conference Board CEO Steve Odland.
Consulte Mais informação »
Hedge fund billionaire David Tepper's stock market advice in 2010 worked all decadeOn 'Squawk Box' on Sept. 24, 2010, Tepper said that Fed efforts to support the economy with near-zero interest rates and massive bond buying will make most investment choices go up.
Consulte Mais informação »
Trump's China trade deal may be too little, too late for Midwestern manufacturing — and his reelection chances could suffer | Markets InsiderDonald Trump's 'phase one' trade deal may be too little, too late. The president's trade war with China has hammered manufacturing in Midwester...
Consulte Mais informação »