Mar 30 (Reuters) – Richmond Federal Reserve Chairman Thomas Barkin said Tuesday that he is very “optimistic” about the US economy this year and expects household savings accumulated during the COVID-19 pandemic. 19 help drive growth in 2022 and 2023 too.

“People just have a lot of money in their pockets,” Barkin told the Montgomery County Chamber of Commerce. As vaccinations accelerate and people become more comfortable dining out and getting on planes, he said, they will spend more of that money, but there is “no way” that it will be spent all this year.

(Reporting by Ann Saphir; Edited in Spanish by Rodrigo Charme)

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