Richmond Fed`s Barkin (leans hawk,..............>

FED: Richmond Fed`s Barkin (leans hawk, non-2019/2020 voter) on Fox Business,

overall sounds like he remains among FOMC members in the camp of wait-and-see

before further cuts.

- Re Trump blaming Fed for manufacturing weakness, Barkin says data weak due to

trade and trade-related uncertainty. Recent survey numbers are `modestly

contractionary`.

- Sidesteps question of whether rate cut needed; says jobs growth more connected

to education etc and frictional issues (in connection to rural economy

conference he is speaking at today).

- Says lots of time until next FOMC meeting; data balanced; looking at data on

economy/uncertainty. We have taken out insurance; see what happens.

- Re question on recession: Very hopeful we`ll see U.S. econ expansion continue;

consumer strong, people have jobs; but on other side business investment has

been flat, due to lack of confidence, uncertainty

- Says different schools of thought on pre-emptive rate cuts. Could be `the more

the uncertainty, the more the caution`