U.S. Economic News
September 20, 2019
U.S. News
According to the Wall Street Journal, St. Louis Fed leader James Bullard stated the central bank should have reduced rates by 50 basis points at its latest meeting to provide insurance against continued weak inflation and elevated downside risks. Bullard was one of three Fed officials to vote against Wednesday’s quarter-point rate cut, but was the only dissenter who favored reducing rates aggressively in the present and raising them later if economic risks failed to materialize. WSJ
The Washington Post reports that the U.S. is temporarily exempting more than 400 Chinese products from tariffs imposed last year as a result of over 1,100 exclusion requests filed by U.S. companies. The U.S. exemptions follow China’s move to cancel or ease tariffs on a variety of U.S. products ahead of high-level trade talks planned for next month. WaPo