Reported about 23 hours ago
As the U.S. economy faces uncertainty due to policy changes under President Trump, Richmond Fed President Tom Barkin has noted that conversations with businesses are vital for understanding economic trends. Despite initial optimism, businesses are now hesitant to invest, raising concerns about slower growth and higher inflation. The Fed's decision-making process relies heavily on qualitative data gathered from these discussions, highlighting the importance of real-time insights during a period of significant economic transition.
Source: YAHOO