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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFed: US business have 'scaled back' investment, growth over trade tensions
Federal Reserve officials are increasingly concerned that trade tensions between the Trump administration and key economic partners could hurt the U.S economy, according to minutes from the central banks June meeting released Thursday.
Fed officials said during their June 12-13 meeting that tariffs imposed by President Trump and retaliatory action from key trading partners has forced American companies to scale back or abandon plans to expand and invest in new capital.
Officials said risks and uncertainty related to global trade policy had intensified, according to the minutes, and warned that further trade tensions could have negative effects on business sentiment and investment spending.
The rising fears among Fed policymakers come as economists and central bankers around the world intensify their warnings about the potential consequences of a global trade war.
http://thehill.com/policy/finance/395658-us-businesses-say-they-have-scaled-back-or-postponed-spending-over-trump-trade
msongs
(67,199 posts)Hoyt
(54,770 posts)criticize trump aggressively.
But, hey, tariffs and shredding trade agreements are going to bring manufacturing jobs back to America as we trade among ourselves trying to survive.
unblock
(51,974 posts)When we had probably the most certain and steady and predictably economy and political/legislative environment ever.
The economy and the stock market both grew slowly but steadily without major hiccups. Washington was gridlocked after the first two years. This may be worth complaining about, but not due to "uncertainty". The result of gridlock -- nothing -- is very predictable.
But CNBC and republicans ran with this idiot propaganda.
Now we don't even know what form of government we have or who our allies and adversaries are or what treaties were abiding by.
Now *that's* uncertainty.
Initech
(99,915 posts)SamKnause
(13,043 posts)I don't give a damn about them.
Initech
(99,915 posts)By AM hate radio shock jock DJs, Christian pastors (who are also shock jocks) and Fox News, and that screws them over, which also screws us over. Kind of a two way street.