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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