The Federal Reserve will need to continue providing significant and sustained support to the economy as it faces a slowing labor-market recovery, Tom Barkin, president of the Federal Reserve Bank of Richmond, said in an interview with The Wall Street Journal.
Mr. Barkin said the labor market’s recovery has been slower than he anticipated because the coronavirus has proven harder to contain than he expected. How individuals comply with public-health protocols will be a key factor in determining the durability of any recovery,...
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September 02, 2020 at 04:30PM
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Fed’s Tom Barkin Says Economy Will Need Sustained Support - The Wall Street Journal
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