Fed's Quarles says economy is 'solid' despite uncertainty around US trade policy

"Fundamentally, the U.S. economy is quite solid," says Randal Quarles, Fed vice chairman for supervision.

Randal Quarles, vice chairman of supervision at the Federal Reserve, at the NABE Economic Policy Conference in Washington, D.C., U.S. on Feb. 26, 2018.Washington, D.C. — The U.S. economy is chugging along nicely even as worries over the country's trade policy are hurting business investment, a top Federal Reserve official said Friday.

Business investment contracted by 1% in the previous quarter. Initially, the BEA estimated a fall of 0.6%. The sharp fall in business investment comes as China and the U.S. wage a trade war against each other.

Seems like CNBC is trying to convince itself. Their own Fakenews must be getting to it.

this remembers me AIG !

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Banks Loom Over Fed Repo EffortsAs the Fed increases lending in the repo market, it is reliant on a small group of bond dealers to recirculate that money, increasing opportunities for market channels to get clogged Any comment on your FakeNews story about realDonaldTrump and his Ukraine phone call? jpmorgan = Lehman Brothers What else do you expect ? the Fed gives their friends this money at very low interest rates. These institutions use the money for their own benefit.
Source: WSJ - 🏆 98. / 63 Read more »