Don’t miss the latest developments in business and finance.

Big retreat from trade could hurt U.S. growth - Fed official

Image
Reuters NEWARK, Del.
Last Updated : Feb 14 2017 | 10:48 PM IST

NEWARK, Del. (Reuters) - A big U.S. retreat by Donald Trump's White House from low international trade barriers could significantly hurt U.S. economic growth, Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, said on Tuesday.

"A quantitatively significant retreat from lower trade tariffs and barriers has the potential to be a significant impediment to growth," Lacker, who will retire from the U.S. central bank in September, told reporters.

(Reporting by Jonathan Spicer; Editing by Meredith Mazzilli)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Feb 14 2017 | 10:36 PM IST

Next Story