Comments by Richmond Fed president, Thomas Barkin
- Says that emotions have gotten far out in front of the data
- Economy is still in a very sound place
- But worries about negative sentiment
- Warns of chill over business investment from trade uncertainty
The part on 'emotions having gotten far out in front of the data' highly suggests that the Fed isn't thinking about aggressively cutting rates at this point in time. This pushes the case of a cut this month being just an "insurance cut" even more.
h/t @ DeltaOne
