• A top Fed official wants to make sure the job market is strong enough to withstand the next recession

    8 days ago - By Business Insider

    Richmond Fed President Thomas Barkin is worried policymakers may lack the tools to deal with the next recession.
    With that in mind, he says, looking for ways to strengthen US labor-force participation could create a crucial buffer before the next downturn.
    The Federal Reserve may have limited tools to deal with the next recession, making it imperative that policymakers find ways to further strengthen an already much-improved labor market before the next economic downturn, Richmond Fed President Thomas Barkin said in a speech Wednesday.
    "I'm concerned about monetary and fiscal policymakers'...
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