Reported 2 months ago
Federal Reserve Bank of Richmond President Thomas Barkin stated he will not make premature judgments regarding monetary policy following weaker-than-expected U.S. job data. He emphasized the need to wait for more economic data before the September meeting, reiterating that the job market remains solid despite the recent uptick in unemployment. Barkin's comments came after the Federal Reserve opted to keep interest rates steady while signaling potential future cuts.
Source: YAHOO