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Author:Barkin, Tom 

Journal Article
The Supply Side of Rural Development

President's Message: The Supply Side of Rural Development
Econ Focus , Issue 3Q , Pages 1-1

Journal Article
President's Message: Learning From Our District

My Richmond Fed colleagues and I are on the ground in our district constantly, meeting and learning from community members. Last year, we had over 1,700 such engagements — with bankers, business and community leaders, workers, and public officials. These meetings take us to every corner of the states we serve.
Econ Focus , Volume 23 , Issue 2Q , Pages 1

Journal Article
President's Message: A Shift in the Inflation Winds?

At the Fed, a lot of work has gone into anchoring inflation expectations in recent decades. As a result, our economy has seen, from the early 1980s until last year, an era of remarkably low and stable inflation — sometimes called "the Great Moderation."
Econ Focus , Volume 22 , Issue 3Q , Pages 1

Journal Article
What’s Happening to Productivity Growth?

President's Message: What?s Happening to Productivity Growth?
Econ Focus , Issue 4Q , Pages 01-01

Journal Article
President's Message: A Labor Drought?

Following the economic pain of the pandemic, the economy has bounced back, supported by historic levels of fiscal and monetary stimulus. Unemployment has dropped and is now basically at pre-pandemic levels. Yet labor force participation has been slow to return.
Econ Focus , Volume 23 , Issue 1Q , Pages 1-2

Journal Article
President's Message: Making It Work

This issue of Econ Focus is a special issue on the economic challenges of rural areas and small towns. I spend a lot of time in these communities, meeting with local leaders — in government, business, and nonprofits — to learn from them about the issues they face and, often, the solutions that have worked for them. (During the pandemic, our meetings have been socially distanced.) What I have seen consistently is that success does not come from a single program or initiative. The places that are making it work have several key elements in common: a story, regional cooperation, and ...
Econ Focus , Issue 1Q , Pages 1

Journal Article
President's Message: How Long Will Higher Inflation Last?

For the first time in more than a generation, we are grappling with high, broad-based, and persistent inflation.The pandemic and events like Russia's invasion of Ukraine unleashed shocks that affected supply chains and labor markets, pushing prices and wages up. In response to the pandemic, $6 trillion of fiscal stimulus was enacted, fueling demand and limiting labor supply. And some have argued the Fed's pandemic response was too expansionary for too long — that we were caught off guard after the prior decade of stubbornly low inflation.
Econ Focus , Volume 22 , Issue 4Q , Pages 1

Journal Article
Business Short-Termism and Monetary Policy

President's Message: Business Short-Termism and Monetary Policy
Econ Focus , Issue 2Q-3Q , Pages 1-1

Journal Article
President's Message: Bringing Talent to Small Towns

Over the last few decades, we've seen small towns struggle, particularly those that lost manufacturers, which had historically helped build communities, employ residents, and forge local identities. As a natural reaction, economic development in small-town America has often focused on replacing those big employers. These efforts attracted investment, but success wasn't easy.
Econ Focus , Volume 23 , Issue 3Q , Pages 1-2

President's Message: A Unique Moment for Small Towns

Every month, I visit small towns and hear from business and community leaders about what's working, what's not working, and what they need. In my previous column, I looked at the key elements I've seen in every small town that has made major progress toward revitalization: a story, regional cooperation, and dedicated funding, all tied together by "scrappiness." (See "Making It Work," Econ Focus, First Quarter 2022.) Now, I'd like to take a deeper dive into the issue of funding, because money is the one critical constraint every community faces, across every issue.
Richmond Fed Economic Brief , Issue 2Q , Pages 1-2




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