According to online reports, Federal Reserve Barkin said that the economy is in good condition, which allows the Federal Reserve to reduce borrowing costs. "Strong but more picky consumers, coupled with a more productive and valuable labor force, have made the economy look good. "Balkin said on Tuesday in a speech prepared for a speech at the Baltimore Common Summit. "No matter how the economy develops, the Federal Reserve has the ability to respond appropriately," he said, adding that interest rates have gone off their peak but are still above historical lows. Balkin said he was considering two scenarios for the economy: as electoral uncertainty recedes, companies could start reinvesting and hiring, allowing the Fed to focus on upside risks to inflation. Alternatively, companies could cut jobs to cope with the squeeze in profit margins caused by weakening pricing power, which would increase the employment risks faced by the Fed.