The ongoing U.S.-China trade conflict is a 'prominent downside risk,' and seems to be an 'important reason for policymaker patience until this source of uncertainty is more resolved,' Boston Fed President Eric Rosengren said Tuesday.
The central bank official said in prepared remarks Tuesday that the ongoing conflict between the world's largest economies is a "prominent downside risk," and added that it seems to be an "important reason for policymaker patience until this source of uncertainty is more resolved."
Rosengren, a voting member of the policymaking Federal Open Market Committee, said prolonged tariffs threaten economic growth and could increase market volatility. "While my baseline forecast assumes that a trade agreement will occur without seriously disrupting global trade or global economies, it may be some time before that uncertainty is resolved," he said.
China and the U.S. hiked tariffs on billions of dollars worth of each other's products earlier this month. Those moves have pushed the S&P 500 down 2.8% for May. The large-cap U.S. stock index is also on pace to snap a four-month winning streak.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Fed speakers could steal focus from trade war in week aheadA flurry of Fed speakers and any new trade developments could shake up what normally might be a slow week of trading ahead of the three-day Memorial Day holiday weekend.
और पढो »
Trump Fed Nominee Backs Policies That Would Crash The EconomyDonald Trump is really scraping the bottom of the barrel when it comes to his remaining Federal Reserve nominees—and he doesn't seem to understand what their individual views on monetary policy actually mean.
और पढो »
With inflation elusive, two Fed policymakers lay out a welcome matWorried that current low inflation expectations will sap the U.S. central bank&...
और पढो »
Fed may cut rates if inflation keeps disappointing: BullardFurther weakness in inflation could prompt the U.S. Federal Reserve to cut inter...
और पढो »
In Fed policy review, labor may finally win out over inflationIn Fed policy review, labor may finally win out over inflation by hpschneider WorldAtWork
और पढो »
It's Not Technology But The Fed That Is Taking Away JobsIncome inequality is now at the same level it was in the Great Depression. One reason is a growing number of monopolies whose existence is enabled by financial engineering and monetary policy. Ben Hunt notes that the S&P 500 companies have the highest earnings relative to sales in history.
और पढो »
Fed Minutes to Shed Light on Inflation OutlookThe Federal Reserve’s minutes from its May meeting will offer new clues on how officials assessed an unexpected downtick in inflation and views toward lowering interest rates.
और पढो »
'We could talk ourselves into a recession,' one fed official saysIncreasingly, economy watchers wonder whether uncertainty and pessimism — captured in a number of regularly released surveys that tend to be grouped under the term 'sentiment' — might be driving economic performance more than before
और पढो »
Fed needs to let inflation rise above 2%, Kashkari saysLow U.S. inflation expectations are sapping the Federal Reserve's ability t...
और पढो »
Fed Chair Powell: Business debt is rising but does not pose a threat to the systemThe issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.
और पढो »
Trump's failed Fed pick Stephen Moore: If central bankers cut rates, it would be 'Moore's revenge'Moore, an advocate for easier monetary policy, says the Fed should not be worried about stronger economic growth causing out-of-control inflation.
और पढो »