Federal Reserve Bank of Richmond President Tom Barkin said elevated uncertainty has led businesses to freeze hiring and hold ...

The U.S. Federal Reserve at its May 6-7 meeting undercut expectations that it would change its policy interest rate anytime ...

The meeting took place May 6-7 when concern over the economic fallout from changes in global trade and tariff policy was ...

Federal Reserve Bank of Richmond President Tom Barkin says the recent economic data show the US is on the same trajectory as ...

A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused ...

Richmond Fed President and CEO Tom Barkin said affordable housing and workforce investment are driving population and ...

For the Fed that could mean spillovers to the job market if firms try to limit price hikes by shedding workers. "It creates risks on the pricing side, which is pretty straightforward," Barkin said.

Hiring freezes, discretionary spending being cut back, but not major layoffs.” Barkin and other Fed speakers Friday underscored the difficult challenge the central bank faces right now.