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2025 Economic Outlook

Author

Listed:
  • Tom Barkin

Abstract

A strong but choosier consumer, coupled with a better-valued, more productive workforce has landed the economy in a good place. My baseline outlook is good. How economic policy uncertainty resolves will matter. But, with what we know today, I expect more upside than downside in terms of growth. I see more risk on the inflation side. The Fed remains well-positioned regardless of how the economy develops. Were employment to falter or inflation to re-emerge, we have the tools to respond.

Suggested Citation

Handle: RePEc:fip:r00034:99370
as

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File URL: https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2025/barkin_speech_20250103
File Function: Speech
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