Richmond Fed President Thomas Barkin on Thursday said he didn’t think the economy was headed to a recession. “I actually still feel pretty good about the economy,” Barkin said, in an interview on Bloomberg Television. “I don’t see any issues on the consumer side of the house,” Barkin said, noting that household spending makes up 70% of gross domestic product. In addition, labor markets remain tight, he said. The risks to the outlook do seem “a little more tilted to the downside,” he said. Business confidence is fragile and indicators for second-quarter growth are less strong, he said. The Richmond Fed president pushed back on the notion that an interest-rate cut later this month was a done deal. “We have a lot of time left before the meeting, we’ll see what happens,” he said. If the data ends up with a different kind of outcome, the markets will adjust, he said. Barkin is not a voting member of the Fed’s interest-rate committee this year.