A little doomsday feeling is weighing on the economy

Tom Barkin, President of the Federal Reserve Bank of Richmond, shares his insights on the economic narratives that shape monetary policy. He discusses the importance of local anecdotes in understanding consumer behavior and economic slowdowns. Barkin highlights the challenges firms face in planning layoffs and the disparity between thriving sectors and those struggling, such as agriculture. He also addresses concerns about job prospects for college graduates and the need for better training in blue-collar careers to attract workers.