Fed's Barkin says policymakers are monitoring impact of last rate cut

The U.S. Federal Reserve is monitoring the impact of its move last month to cut ...

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

“The national economy appears great,” Richmond Federal Reserve President Thomas Barkin said in prepared remarks. Barkin did not say whether he supported further reductions in interest rates, which is a request U.S. President Donald Trump is regularly making of the independent central bank.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Steve King jokes about Uyghur Muslims detained in China being force-fed porkRep. Steve King, whose history of incendiary and racially insensitive comments has led to calls for his resignation from Congress, appeared to make light of China's treatment of Uyghur Muslims by suggesting force-feeding them pork -- a violation of their religious beliefs -- was a good idea.
Read more »

Trump slams Fed in fresh attack, says central bank can't 'mentally’ keep upTrump leveled a new attack against the Federal Reserve, charging that the central bank is “mentally” unfit to foster a competitive edge for the United States in the global economy
Read more »

The Fed is thinking globally despite Trump's push for an 'America First' monetary policyAs President Donald Trump pushes the Fed to weaponize its monetary policy against other countries, central bankers in Jackson Hole this week called for more coordination.
Read more »

Ex-Fed Official Dudley’s Call to Block Trump Draws Criticism(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. A former top Federal Reserve official suggested the central bank reject interest-rate cuts that would help Donald Trump’s 2020 reelection prospects, drawing swift criticism that such an approach
Read more »

Kevin O'Leary: I'm not a fan of another Fed rate cutKevin O'Leary told CNBC on Tuesday that he does not want to see another interest rate cut from the Fed in September.
Read more »

Fed divided on policy, discount rate votes showU.S. central bankers may have been more deeply divided than previously understoo...
Read more »