Fed’s Barkin: U.S. Economy on Brink of Completing Recovery

President of the Federal Reserve Bank of Richmond, Thomas Barkin, said that the United States economy is close to completing the recovery despite the lingering of some risk factors.

“Vaccines are rolling out, and case rates and hospitalizations are falling. Excess savings and fiscal stimulus should help fund pent-up demand from consumers freed by vaccines and warmer weather.”

“With this support, the economy has come most of the way back.”

“I am hopeful that we are on the brink of completing the recovery.”

“We should pay special attention to programs that allow primary caregivers to return to work. This includes support for child care, elder care and safely reopening schools.”