Federal Reserve Bank of Richmond Barkin: Rate cuts do not mean the Fed is in a prolonged easing cycle

President of the Federal Reserve Bank of Richmond Barkin has crossed the wires and said that the recent rate cuts do not mean the Fed is in a prolonged easing cycle.

Key comments:

• The US labor market is very strong while consumers are confident.
• Uncertainty related to trade and weaker growth overseas both pose headwinds.
• Trade uncertainty, weaker growth abroad pose headwinds.
• US economy giving Fed conflicting signals.