DANVILLE, Virginia—The Federal Reserve must be open to the possibility that the economy will begin to reaccelerate rather than slow, with potential implications for the U.S. central bank’s inflation fight, Richmond Fed President Thomas Barkin said on Tuesday.
U.S. retail sales were stronger than expected in July, and with consumer confidence also rising “the reacceleration scenario has come onto the table in a way that it really wasn’t three or four months ago,” Mr. Barkin said in an interview with Reuters.
