Quick Links


Becoming A Member

Upcoming Events

News & Media

Event FAQ's

Contact Us

Announcements

News & Media

Back

Tom Barkin, President & CEO, Federal Reserve Bank of Richmond

REUTERS:  Fed's Barkin says hiring could recover slowly as companies streamline

Spending by consumers and businesses could increase as people become more confident about the economy, but it could take longer for the labor market to recover because of mismatches in the labor force between the jobs lost and the jobs in higher demand, Richmond Federal Reserve Bank President Thomas Barkin said on Thursday.

Some people who lost jobs at retailers or in restaurants may not see a clear path to figuring out their next role, Barkin said during a virtual discussion organized by the Economic Club of New York.


READ MORE