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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.”