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(15,948 posts)
Fri Sep 6, 2019, 12:50 PM Sep 2019

Fed says Trump's trade fight is cutting U.S. economic growth

President Trump's trade war is crimping economic growth to the 2 percent pace he assailed as unacceptable in the Obama years.

That's the implication of new research from a group of Federal Reserve economists. They just released a first-of-its-kind study by the central bank to attempt to quantify the impact of the trade fight on GDP.

The researchers examined hundreds of corporate earnings-call transcripts and news stories to assess rising uncertainty spawned by the trade war and arrived at an estimated tab for it. The trade war, they estimate, will shave 1 percent off of growth through the early part of 2020.

That may not seem huge, but it's the difference between where growth has been tracking lately — bumping along at the respectable but unimpressive 2 percent level Trump blasted under President Barack Obama — and the 3 percent clip that Trump promised to deliver at a minimum. New data show further economic weakening, with the Atlanta Fed trimming its third-quarter GDP forecast to an annualized rate of just 1.5 percent.


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Fed says Trump's trade fight is cutting U.S. economic growth (Original Post) Zorro Sep 2019 OP
No sh*t, sherlock! elleng Sep 2019 #1
Aw, what do THEY know? MyOwnPeace Sep 2019 #2


(17,043 posts)
2. Aw, what do THEY know?
Fri Sep 6, 2019, 01:01 PM
Sep 2019

He's the smartiest, bigliest brain in the world and trade wars are easy to win!

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