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Richmond Fed President Tom Barkin states US economy remains strong, no immediate need for interest rate cuts.
Richmond Fed President Tom Barkin said US economy remains strong, no immediate need for interest rate cuts, despite slowdown in hiring.
Layoffs are not imminent, but a sharp rise in unemployment or faster decline in inflation could warrant a quick Fed response.
Barkin is optimistic about upcoming inflation readings and sees no need for an immediate rate cut.
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El presidente de la Fed de Richmond, Tom Barkin, declara que la economía estadounidense sigue siendo fuerte, no hay necesidad inmediata de reducir los tipos de interés.