Fed: US business have 'scaled back' investment, growth over trade tensions

[Yo_Mama_Been_Loggin]

Federal Reserve officials are increasingly concerned that trade tensions between the Trump administration and key economic partners could hurt the U.S economy, according to minutes from the central bank’s June meeting released Thursday.

Fed officials said during their June 12-13 meeting that tariffs imposed by President Trump and retaliatory action from key trading partners has forced American companies to scale back or abandon plans to expand and invest in new capital.


Officials said risks and uncertainty related to global trade policy had “intensified,” according to the minutes, and warned that further trade tensions “could have negative effects on business sentiment and investment spending.”

The rising fears among Fed policymakers come as economists and central bankers around the world intensify their warnings about the potential consequences of a global trade war.


http://thehill.com/policy/finance/395658-us-businesses-say-they-have-scaled-back-or-postponed-spending-over-trump-trade

[msongs]

1. dear employees who voted for trump...you are being laid off. nt

[Hoyt]

2. The forces that cause a downturn happen quickly. Hope Fed had guts to

criticize trump aggressively.

But, hey, tariffs and shredding trade agreements are going to bring manufacturing jobs back to America as we trade among ourselves trying to survive.

[unblock]

3. Ah yes. I remember the parade of ceos and analysts wailing about "uncertainty" under obama

When we had probably the most certain and steady and predictably economy and political/legislative environment ever.

The economy and the stock market both grew slowly but steadily without major hiccups. Washington was gridlocked after the first two years. This may be worth complaining about, but not due to "uncertainty". The result of gridlock -- nothing -- is very predictable.

But CNBC and republicans ran with this idiot propaganda.


Now we don't even know what form of government we have or who our allies and adversaries are or what treaties were abiding by.

Now *that's* uncertainty.

[Initech]

4. Trump voters are their own worst enemy. They keep voting for their own demise.

[SamKnause]

5. They are our worst enemy because their votes fuck us over to.

I don't give a damn about them.

[Initech]

6. True - they are tricked into voting against their best interests.

By AM hate radio shock jock DJs, Christian pastors (who are also shock jocks) and Fox News, and that screws them over, which also screws us over. Kind of a two way street.

[nycbos]

7. So much winning