Make Kitco Your Homepage

Fed's Barkin sees risks to U.S. economy: Bloomberg

Kitco News

(Reuters) - The risks to the U.S. economy are tilted a bit more to the downside, but there is still significant economic data that policymakers will see before deciding whether to cut rates, a Fed official said on Thursday.

Richmond Federal Reserve President Thomas Barkin said in an interview with Bloomberg News that rate cuts could be used to stimulate the economy in many ways, but did not say whether he would endorse such a move at this time.

He said his business contacts are not cutting their spending but they are not dramatically expanding their investments either.

Reporting by Trevor Hunnicutt

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.