The global trade wars may not be over, but U.S. Federal Reserve officials on Thu...
MADISON, Wis. - The global trade wars may not be over, but U.S. Federal Reserve officials on Thursday said the economy may have weathered the worst of it as risks begin to ease and businesses adjust to a new trade environment.
“There are some indications that headwinds to global growth may be beginning to abate,” Clarida said in remarks at a forum in New York. The Fed’s three “well-timed” rate cuts last year have been “providing support to the economy and helping to keep the U.S. outlook on track,” he said. But Bullard said he feels companies are learning to adapt by shifting supply chains and strategies. The outlook now, he said, is for a “soft landing” from the recession risks that spiked last year around the trade war, with growth slowing, though not dramatically.
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