Fed's Barkin: Expects second half of 2021 to be 'robust'

Comments from the Richmond Fed President

• Expects second half to be robust between business and consumer spending but neither is likely to 'go crazy'
• Still sees disinflationary forces holding prices down
• Results of congressional races likely to allow more support for least fortunate but constraints still on more ambitions programs
• Broad enough rollout of vaccine likely not until this summer