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Barkin: Reassured By What He’s Seeing In Bank Sector

  • In giving an update to a speech from Mar 30, Richmond Fed’s Barkin (’24 voter) says he’s reassured by what he’s seeing in the bank sector.
  • The comments are, however, similar to remarks more recently on Apr 12 that he was encouraged by bank resilience in the Richmond Fed district.
  • He adds though that he never wants to declare victory on potential bank strain whilst the US must continually earn its dollar reserve currency status.
  • It compares with other most recent FOMC commentary from Gov Waller saying it's unclear the extent that bank strains will weigh on activity.

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