Richmond Fed's Barkin says inflation remains too high, expects economy to slow

Richmond Fed President Tom Barkin said the U.S. has avoided a recession because of pandemic-related changes in the economy, but growth is likely to slow.

Richmond Federal Reserve President Tom Barkin said the U.S. has avoided a recession largely because of pandemic-related changes in the economy, but growth is likely to slow soon due to higher interest rates.

In... Richmond Federal Reserve President Tom Barkin said the U.S. has avoided a recession largely because of pandemic-related changes in the economy, but growth is likely to slow soon due to higher interest rates.

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