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Federal Reserve Bank Of Richmond

12:16 p.m. Aug. 19, 2020 - By Greg Robb
Fed staff lowers forecast for economic growth over the rest of year: FOMC minutes Richmond Fed’s Barkin says economy in ‘vulnerable spot’The Federal Reserve staff has lowered its forecast for second half GDP, according to minutes of the central bank’s July meeting released Wednesday.
9:03 a.m. June 14, 2020 - By Greg Robb
Fed’s Kaplan worries economy’s recovery may be slowed if coronavirus health practices remain ‘uneven’ U.S. unemployment rate will be at 8% or higher through year-end, the Dallas Fed president says Dallas Fed President Robert Kaplan said Sunday health-care procedures to combat the coronavirus were just as important as government funding for the nascent economic recovery and, to date, these efforts to reduce coronavirus infections have been “uneven.”
11:49 a.m. June 12, 2020 - By Greg Robb
Fed’s Barkin says best stimulus plan would be common standards so consumers feel safe to shopThe best stimulus plan for the economy would be common standards so consumers feel safe to shop and go to restaurants, said Richmond Fed President Thomas Barkin on Friday.
5:14 a.m. May 8, 2020 - By Selin Bucak
Here’s another reason Turkey’s lira may keep tumblingThe Turkish lira fell to a record low against the U.S. dollar this week and reports say the government has tried to stop the slide by taking action against three foreign banks.
10:32 a.m. May 1, 2020 - By Greg Robb
Fed officials stress they may have to get innovative to revive economy from COVID-19 shutdown Richmond Fed president Barkin says U.S. economy took elevator down but has to take the stairs upFederal Reserve officials said Friday they are ready to do more to help the economy recover from the blanket shutdown put in place to prevent the spread of COVID-19.
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