Fed’s George: Downside risks to the economy primarily from trade uncertainty, slowing global growth

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Federal Reserve’s George is crossing the wires.

Key quotes:

  • Downside risks to the economy primarily from trade uncertainty, slowing global growth.
  • Expects to see continued econ. growth around trend.
  • Trade, tariffs & world growth pose risks to outlook.
  • Prepared to adjust view of appropriate monetary plicy if downside risks materialize.
  • Not seeing much price pressure being generated by unemployment.
  • Natural unemployment rate ‘could be lower’.

 

 

 

 

 

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