Richmond Fed's Barkin: U.S. may be 'on the brink' of complete recovery

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The U.S. economy may be 'on the brink of completing the recovery' from the recession triggered by the coronavirus pandemic, Richmond Federal Reserve President Thomas Barkin said on Sunday, although risks remain for some workers.

FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir/File Photo

“Vaccines are rolling out, and case rates and hospitalizations are falling. Excess savings and fiscal stimulus should help fund pent-up demand from consumers freed by vaccines and warmer weather,” Barkin said in remarks prepared for delivery on Sunday evening to a Credit Suisse conference on investment in Asia.

“We should pay special attention to programs that allow primary caregivers to return to work. This includes support for child care, elder care and safely reopening schools,” he said.

 

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Last year, we were on the brink. This year, we made a bold step forward.

Does he understand the word “brink “?

What planet is he on

And the U.S may be “on the brink” of disaster.

EddyElfenbein Define “recovery” and “what comes next”... GL

He's going to spook the market with all this recovery talk. The market can't afford a recovery.

Somehow I doubt that.

Then you better tell your papa Jerome to ease off the printer.

Is Fed satanist?

Recovery, I have absolutely no doubt. It is what comes after recovery that scares me.

Yeah right.

Not a chance

good

RichmondFed Time to raise rates

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Do you believe that the US economy is on the brink of complete recover?

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Or complete financial collapse. That grin is somewhat, uh, disturbing

That sounds farking horrible!

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