2025 Economic Outlook

Tom Barkin

Speech from Federal Reserve Bank of Richmond

Abstract: A strong but choosier consumer, coupled with a better-valued, more productive workforce has landed the economy in a good place. My baseline outlook is good. How economic policy uncertainty resolves will matter. But, with what we know today, I expect more upside than downside in terms of growth. I see more risk on the inflation side. The Fed remains well-positioned regardless of how the economy develops. Were employment to falter or inflation to re-emerge, we have the tools to respond.

Keywords: Business cycles; Economic Growth; Inflation; Monetary Policy (search for similar items in EconPapers)
Date: 2025-01-03
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