(Reuters) – The risks to the U.S. economy are tilted a bit more to the downside, but there is still significant economic data that policymakers will see before deciding whether to cut rates, a Fed official said on Thursday.
Richmond Federal Reserve President Thomas Barkin said in an interview with Bloomberg News that rate cuts could be used to stimulate the economy in many ways, but did not say whether he would endorse such a move at this time.
He said his business contacts are not cutting their spending but they are not dramatically expanding their investments either.
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