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Fri Sep 6, 2019, 11:50 AM

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.

https://www.washingtonpost.com/news/powerpost/paloma/the-finance-202/2019/09/06/the-finance-202-fed-says-trump-s-trade-fight-is-cutting-u-s-economic-growth/5d718da988e0fa7bb93a89a6/

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Reply Fed says Trump's trade fight is cutting U.S. economic growth (Original post)
Zorro Sep 2019 OP
elleng Sep 2019 #1
MyOwnPeace Sep 2019 #2

Response to Zorro (Original post)

Fri Sep 6, 2019, 11:54 AM

1. No sh*t, sherlock!

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Response to Zorro (Original post)

Fri Sep 6, 2019, 12:01 PM

2. Aw, what do THEY know?

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

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