The Roaring ‘20s: Richmond Fed Bank President Expects Boom to Continue

The Roaring ‘20s: Richmond Fed Bank President Expects Boom to Continue
Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology on May 23, 2019. Ann Saphir/Reuters
Andrew Moran
Updated:

The U.S. economy could go through a second version of the Roaring Twenties, according to Federal Reserve Bank of Richmond President and CEO Thomas Barkin in a recent speech.

Speaking in front of the Virginia Bankers Association and Virginia Chamber 2022 Financial Forecast event, Barkin said U.S. households have seen a significant increase in net worth over the past two years, swelling to about $32 trillion.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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