Fed’s Barkin Says Too Early to Know If More Rate Hikes Needed
- Potential government shutdown creates more uncertainty
- He sees fourth-quarter growth as being solid but not robust
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Federal Reserve Bank of Richmond President Thomas Barkin said it’s too soon to know if another interest-rate increase will be needed, noting that headwinds from a potential government shutdown could create more uncertainty for the economy.
“I don’t think the kind of growth we saw in the second, third quarter is likely to continue,” Barkin said Thursday during an interview with Bloomberg Television. Asked if he thought another rate hike was needed this year, Barkin said it is “too early for me to know. I think there are a wide range of possible outcomes.”