The Supreme Court’s June 2023 decision knocking down race-based university admission practices won’t necessarily scuttle corporate DEI efforts, former Attorney General Eric Holder told the Economic Club of New York last week.

READ MORE: SCOTUS affirmative action ruling leaves opening for corporate DEI, former AG Holder says

Richmond Federal Reserve Bank president Thomas Barkin speaks to the Economic Club of New York in New York City, U.S., February 8, 2024.

READ MORE: Fed’s Barkin downplays January inflation data but doesn’t call for quick rate cut

Richmond Federal Reserve President Thomas Barkin speaks to the Economic Club of New York in New York City, U.S., February 8, 2024.

READ MORE: Fed's Barkin: I still see wage, inflation pressures

John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York in the Manhattan borough of New York, U.S., March 6, 2019.

READ MORE: Fed's Williams sees more work needed to get inflation back to 2%

After increased and intense demand for housing during the pandemic, Barkin said in a February speech to The Economic Club of New York, “the market has since cooled somewhat, but with limited supply, prices remain high. If housing supply continues to be short, that could mean further pressure on prices and rents in coming years.”

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At the Economic Club of New York in 2023, Microsoft Corp. Co-Founder Bill Gates, upon receiving the Peter G. Peterson Leadership Excellence Award, shared his perspectives on leadership and his role in cultivating the company's culture of innovation.

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John C. Williams, president and CEO of the Federal Reserve Bank of New York speaks to the Economic Club of New York in the Manhattan borough of New York, U.S., March 6, 2019.

READ MORE: Fed's Williams says rate cuts likely to happen 'later this year'

Richmond Federal Reserve Bank President Thomas Barkin at The Economic Club of New York. 

READ MORE: Fed officials worried about 'the risks of moving too quickly' on rate cuts

Richmond Federal Reserve Bank president Thomas Barkin speaks to the Economic Club of New York in New York City. 

Inflation data in January, with consumer and wholesale prices rising faster than anticipated, complicate upcoming U.S. central bank interest rate decisions, Richmond Federal Reserve President Thomas Barkin said.

READ MORE: US inflation data for January made Fed's job 'harder,' Barkin says

Tom Brady, the seven-time Super Bowl champion, is scheduled to speak at an Economic Club of New York event during an off-the-record dinner in Miami on Feb. 22. He’s not a typical speaker for the organization.

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“Looking forward, I am hopeful but still looking for more conviction that the slowing of inflation is broadening and sustainable,” Barkin told the Economic Club of New York.

“No one wants inflation to reemerge,” he said. “And given robust demand and a historically strong labor market, we have time to build that confidence before we begin the process of toggling rates down.”

READ MORE: CEO optimism hits two-year high as inflation cools: Conference Board

Speaking to the Economic Club of New York, Barkin noted the progress against higher prices, but warned that “the plane has not landed yet.”

“So, it’s possible that we will return to the pre-pandemic economy pretty seamlessly. It is also possible that the landing might be somewhat bumpier, with continued inflation pressure or demand challenges that we will need to counteract,” he said in prepared remarks. “That’s why I think it is smart for us to take our time.”


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“When the economy is as strong as it is, it's hard to feel urgency in taking rates down,” Richmond Fed President Tom Barkin said at the Economic Club of New York on Thursday.

He also noted several areas of concern including accelerating wage growth, a lack in housing supply and uncertainty caused by geopolitics.

“That’s why I think it is smart for us to take our time,” he said.

“No one wants inflation to re-emerge. And given robust demand and a historically strong labor market, we have time to build that confidence before we begin the process of toggling rates down.”


READ MORE: Federal Reserve asks for patience ahead of cutting US interest rates

Federal Reserve Bank of Richmond President Thomas Barkin said Thursday it’s too soon to say when the central bank will be able to cut rates.

“I don’t pre-judge meetings” as there is more data to see to take stock of how much inflation is moderating, Barkin told reporters after a speech at the Economic Club of New York.

READ MORE: Fed's Barkin declines to say when it will be time to cut rates

Consumer demand, employment and inflation are all on a good path. But Richmond Federal Reserve President Tom Barkin says one reason for caution is that the U.S. economy transformed in some ways during the pandemic and the effects are still shaking out.

"When it comes to the path of monetary policy," Barkin said in remarks prepared for delivery to the Economic Club of New York, "the economic plane hasn't yet made the so-called soft landing that Central Bank officials are hoping to pull off."

READ MORE: Why Wait on Rate Cuts? Post-Covid Economic Changes Warrant Caution, Barkin Says.

 

Federal Reserve Bank of Richmond President Thomas Barkin said Thursday the central bank has time to decide what’s next for monetary policy while it waits for further assurance that inflation is indeed falling back to target.

“I think it is smart for us to take our time,” Barkin said in a speech delivered to a gathering held by the Economic Club of New York. “No one wants inflation to reemerge,” the official said, “and given robust demand and a historically strong labor market, we have time to build that confidence before we begin the process of toggling rates down.”

READ MORE: Fed's Barkin: Need More Time Before Supporting Rate Cuts

Federal Reserve Bank of Richmond President Thomas Barkin reiterated policymakers have time to be patient about the timing of rate cuts, pointing to a strong labor market and continued disinflation.

“No one wants inflation to reemerge,” Barkin said Thursday in prepared remarks at an Economic Club of New York event.

READ MORE: Fed Has Time to Be Patient on Cutting Interest Rates, Barkin Says

Richmond Fed President Tom Barkin said it would be smart for the central bank to "take our time" on rate cuts despite "remarkable" data showing that inflation is dropping.

Barkin made these comments during a speech before the Economic Club of New York, arguing that while it's possible for the US to return to a pre-pandemic economy "seamlessly," it’s also possible that the landing could be "bumpier."


READ MORE: Tom Barkin becomes latest Fed official to urge patience on rate cuts

Federal Reserve Bank of Richmond President Thomas Barkin said Thursday the central bank has time to decide what’s next for monetary policy while it waits for further assurance that inflation is indeed falling back to target.

“I think it is smart for us to take our time,” Barkin said in a speech delivered to a gathering held by the Economic Club of New York. “No one wants inflation to reemerge,” the official said, “and given robust demand and a historically strong labor market, we have time to build that confidence before we begin the process of toggling rates down.”

READ MORE: Fed's Barkin: Need more time before supporting rate cuts

Dan Schulman is an accomplished executive and board member, who, in his most recent role as the CEO of PayPal, led its transformation to revolutionize how people move and manage money. He currently serves on the boards of Cisco Systems and Verizon Communications. Prior management roles include Group President at American Express, President at Sprint Nextel Corporation, founding CEO of Virgin Mobile USA, and President and CEO of Priceline Group. Mr. Schulman also spent 18 years at AT&T, where he held a series of positions including President of the Consumer Markets Division. He serves on the boards of the Council on Foreign Relations and Cleveland Clinic, and as Vice-Chair of the Economic Club of New York.

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