Federal Reserve Bank of Richmond President Thomas Barkin looks on at the Economic Club of Washington DC in Washington, D.C., U.S., April 9, 2025. REUTERS/Kevin Mohatt

WASHINGTON (Reuters) -Consumers continue to spend given low unemployment and wage gains, but are more constrained than during the pandemic years, Richmond Fed president Thomas Barkin said on Thursday.

"While consumers are still spending, we are not in 2022 anymore. Consumers are not as flush," Barkin said in comments to the Aiken Chamber of Commerce in South Carolina. "They are making choices."