"/>

国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Fed chairman Powell says high tariffs could be "negative" for U.S. economy

Source: Xinhua    2018-07-13 12:32:41

WASHINGTON, July 12 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said on Thursday that the Trump administration's high tariffs against imports could be a negative for the U.S. economy.

"If it works out other ways, so that we wind up having high tariffs on a lot of products and a lot of traded goods and services ... and that they become sustained for a long period of time ... that could be a negative for our economy," Powell said in a radio interview with Marketplace.

Fed officials are "hearing a rising level of concern" from U.S. businesses about the impact of the Trump administration's tariffs, said the Fed chief.

"I think if you're picking up a newspaper today you're hearing that from a lot of businesses," he said, adding "it's very difficult to predict how it turns out."

The Trump administration has imposed high tariffs on imported steel and aluminum products as well as Chinese goods, drawing strong opposition from the domestic business community and retaliatory measures from U.S. trading partners.

American businesses' plans for capital spending had been scaled back or postponed as a result of uncertainty over trade policy, and U.S. farmers were concerned about the effect of potentially higher tariffs on their exports, according to the minutes of the Fed's June policy meeting released last week.

The Fed raised its target range for the benchmark federal funds rate in June for the second time this year, and penciled in two more rate hikes in the second half of the year.

Market participants are expecting that the central bank will raise rates again in September and then hike in December.

But Powell signaled that the central bank could slow the pace of rate hikes or even lower interest rates if the U.S. economy weakens.

Editor: mym
Related News
Xinhuanet

Fed chairman Powell says high tariffs could be "negative" for U.S. economy

Source: Xinhua 2018-07-13 12:32:41

WASHINGTON, July 12 (Xinhua) -- U.S. Federal Reserve Chairman Jerome Powell said on Thursday that the Trump administration's high tariffs against imports could be a negative for the U.S. economy.

"If it works out other ways, so that we wind up having high tariffs on a lot of products and a lot of traded goods and services ... and that they become sustained for a long period of time ... that could be a negative for our economy," Powell said in a radio interview with Marketplace.

Fed officials are "hearing a rising level of concern" from U.S. businesses about the impact of the Trump administration's tariffs, said the Fed chief.

"I think if you're picking up a newspaper today you're hearing that from a lot of businesses," he said, adding "it's very difficult to predict how it turns out."

The Trump administration has imposed high tariffs on imported steel and aluminum products as well as Chinese goods, drawing strong opposition from the domestic business community and retaliatory measures from U.S. trading partners.

American businesses' plans for capital spending had been scaled back or postponed as a result of uncertainty over trade policy, and U.S. farmers were concerned about the effect of potentially higher tariffs on their exports, according to the minutes of the Fed's June policy meeting released last week.

The Fed raised its target range for the benchmark federal funds rate in June for the second time this year, and penciled in two more rate hikes in the second half of the year.

Market participants are expecting that the central bank will raise rates again in September and then hike in December.

But Powell signaled that the central bank could slow the pace of rate hikes or even lower interest rates if the U.S. economy weakens.

[Editor: huaxia]
010020070750000000000000011100001373217441
主站蜘蛛池模板: 湟源县| 米易县| 仁化县| 贵阳市| 六枝特区| 德清县| 济宁市| 泽普县| 衢州市| 金乡县| 留坝县| 白朗县| 漳浦县| 曲阳县| 建阳市| 合作市| 阆中市| 逊克县| 东方市| 崇明县| 涞源县| 邮箱| 太白县| 彰武县| 荣昌县| 女性| 平潭县| 平度市| 红安县| 宜阳县| 广州市| 恩施市| 南涧| 贡觉县| 绥江县| 邵东县| 鄂州市| 临沭县| 扎兰屯市| 泾源县| 赤水市|