Federal Reserve Bank of Dallas President Robert Kaplan has explained that companies around the world are being hurt by trade tensions.
- On rates, he said, “to wait, see how things unfold”.
Kaplan had recently said, in earlier interviews at the turn of this month, that the world economy is going through a “fragile” period, but odds of a U.S. recession over the next year remain “relatively low.”
“Global growth is decelerating … we are in this tenuous period,” Kaplan said, adding, “If the consumer stays strong, we are not going to have a recession.”
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