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.
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