Fed's Barkin: Growth to continue though at a somewhat slower pace
Below are some key takeaways, via Reuters, from the prepared speech delivered by Richmond Fed President Tom Barkin at an event organised by the Raleigh Chamber of Commerce.
- Expects growth to continue though at a somewhat slower pace.
- Trend core growth is only in the 1.9% range.
- Hears concern partly driven by trade, politics, market, margin pressure.
- Productivity slowdown is real, due partly to business underinvestment.