Thomas Barkin Richmond Fed
- Federal layoffs may be a big deal for regional economy but it is only 2% of the national job market
- Consumer confidence does seem heavily influenced by political affiliation
- So far small business confidence has been up, which might be good for hiring
- Business and consumer confidence matters a lot
This guy wants to sit on his hands until it's clear which way the economy and inflation are going. Usually by that time it's too late.
