St. Louis Federal Reserve President James Bullard suggested Beijing should accept Washington’s demands to resolve the diplomatic impasse.
It would take at least six months for the trade war between the U.S. and China to make its impact felt to such an extent that the Federal Reserve could be forced to intervene, one of the central bank’s key policymakers has said.
“It’s natural in a negotiating framework that you would see a lot of maneuvering right before an agreement is reached, and I’m hopeful that that’s what we’re observing right now.” “My base case continues to be that we’ll get an agreement on trade,” he said. “I think it’s good for both China and the U.S.”
Bullard’s comments came a day after China’s ambassador to the U.S. blamed Washington for the breakdown in negotiations.
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