Richmond Fed President and CEO Tom Barkin (bottom) discusses economic recovery with Thomas Kennedy, global head of macro and fixed income strategy, J.P. Morgan Private Bank.
With renewed hopes stemming from vaccine distribution, economists and business leaders are looking ahead toward recovery, including pandemic-induced changes that will stay and ways we’ll return to “normalcy.”
While it’s evident that the technology sector’s upward trend will continue, Federal Reserve Bank of Richmond President and CEO Tom Barkin isn’t sure that telework will become the post-pandemic new norm.
“I’m not convinced that what we’re doing today will be forever,” Barkin said Friday during an event hosted by the Virginia Chamber of Commerce and Virginia Business. “I’m pretty convinced we’re going to move to some hybrid model of working, which will have more flexibility, which I applaud.”
