Investing.com investing.com 07 Jan, 2021 16:15 am

Fed's Barkin says gusher of federal aid to economy 'likely behind us' By Reuters

Fed's Barkin says gusher of federal aid to economy 'likely behind us' By Reuters
Fed's Barkin says gusher of federal aid to economy 'likely behind us'

election and gradual distribution of a coronavirus vaccine likely means federal government relief for the economy has peaked, Richmond Federal Reserve President Thomas Barkin said on Thursday.With the results of two final Senate races in Georgia, "we now know what we have, the narrowest of Democratic majorities," Barkin said in webcast remarks to North Carolina business groups.Barkin said he felt the initial slow distribution of the vaccine meant that a fuller "return to normal won't be until sometime this summer at best.The first months of the year "could well be bumpy," Barkin said.

" As the vaccine rollout takes hold, "I expect the second half of the year to be robust as businesses finally pull the trigger and return to the workplace and consumers with elevated savings unlock pent-up demand," Barkin said, while adding that "neither is likely to go crazy.FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas p WASHINGTON (Reuters) - The results of the Nov.

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