CoinVoice has recently learned that according to Jinshi, Richmond Fed Chairman Barkin said in recent comments that the "low hiring, low firing" employment decision-making approach currently adopted by US companies is unlikely to continue. He pointed out that if the economy weakens, companies may lay off employees.
While companies have become more conservative in filling positions, that has not happened yet as companies remain reluctant to lay off employees.
Barkin said he was taking a "trial and error" approach to rate cuts, suggesting he might support a 25 basis point cut rather than the 50 basis point cut some analysts have suggested. He noted that inflation remains half a percentage point above the Fed's 2% target and that a rate cut could ultimately help boost inflation by boosting demand for housing and other goods. [Original link]
