- The recent ratcheting up of U.S.-China trade tensions is creating uncertainties for businesses and could threaten economic growth, four Federal Reserve policymakers said on Thursday.
“I feel like the data is good, but the mood is teetering, so if we get a relaxation or a reduction in the uncertainty...then I expect the economy’s momentum to be an upside risk to growth,” San Francisco Federal Reserve President Mary Daly said at a Dallas Fed conference. “If the uncertainties persist...then I think that’s a downside to the economy, because the uncertainty has real effects, but it also has effects on confidence, and that confidence feeds back into investment.
The comments came as researchers at the New York Fed published research showing the newest round of U.S. tariffs on Chinese imports will cost the typical American household $831 annually.
It is temporary.
Big if true
wow, I am impressed they have worked that one out.
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