On the recordJuly 17, 2018
I think a more protectionist approach to trade, if it is sustained over a period of time, has not historically been good for economies.
Source
congress.govI think a more protectionist approach to trade, if it is sustained over a period of time, has not historically been good for economies.
Powell warns that sustained protectionism can harm economic growth and worker opportunities.
Share
More from Jerome Powell
Part of that is due to the start-stop nature of the tariffs that have been introduced.
I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.
We do not take into account the fortunes of any political party or politician.