The freshly inked U.S.-China trade deal could be a 'positive development&qu...
SAN FRANCISCO - The freshly inked U.S.-China trade deal could be a “positive development” for the U.S. economy, Dallas Federal Reserve Bank President Robert Kaplan said on Friday but repeated that he’ll remain open-minded and watching data closely in the run-up to the Fed’s Oct. 29-30 policy meeting.
“Some of the recent deceleration in global growth, weakness in manufacturing and weakness in business investment has been due to trade uncertainty, so I think to the extent that there is some moderation in this escalation ...that could be a positive development,” Kaplan told reporters after a talk at the Commonwealth Club.The outlines of the trade deal were announced while Kaplan was giving his talk.
Now, with 18 days before the Fed next meeting, “I just want to be patient here and take some time now... to assess events, and keep an open mind.”
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