Tags: fed | kashkari | trade war | impact

Fed's Kashkari: Impact of Trade Wars Hard to Measure

Fed's Kashkari: Impact of Trade Wars Hard to Measure
(Annegordon/Dreamstime)

Tuesday, 08 October 2019 05:51 PM

Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said the U.S. central bank is having a hard time estimating the effects of trade wars such as the ongoing U.S.-China dispute on the U.S. economy.

"It's almost, your guess is as good as mine," Kashkari said at a town hall in St. Cloud, Minnesota. Because trade wars could slow the economy not just through tariffs but also by scaring businesses and households into holding back on spending, the effects are "almost impossible" to measure, he said, though the Fed is trying to model them.

Kashkari does not vote on policy this year at the U.S. central bank but does participate in regular policysetting meetings.

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said the U.S. central bank is having a hard time estimating the effects of trade wars such as the ongoing U.S.-China dispute on the U.S. economy.
fed, kashkari, trade war, impact
114
2019-51-08
Tuesday, 08 October 2019 05:51 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved