Fed's Barkin says policymakers are monitoring impact of last rate cut

Fed's Barkin says policymakers are monitoring impact of last rate cut
  • Clock-gray 23:18
  • calendar-gray 28 August 2019

The U.S. Federal Reserve is monitoring the impact of its move last month to cut interest rates, with the domestic economy looking strong despite a fall in investment and weakness overseas, a Fed policymaker said on Wednesday, APA reports citing ABC News.

“The national economy appears great,” Richmond Federal Reserve President Thomas Barkin said in prepared remarks.

“International economies are weaker, though, and uncertainty - particularly around trade - is elevated,” he said, adding that business investment dropped in the April-June period.

Faiq Mahmudov

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