U.S. Economic News
February 22, 2019
U.S. News
The Wall Street Journal reports that the Trump administration is relying on the Chinese leader’s special envoy, Liu He, to accept new restrictions that are controversial in Beijing. Critical steps still need to be taken, such as China producing a list of price-distorting subsidies to eliminate. WSJ
Sam Fleming reports for the Financial Times that Federal Reserve officials are rethinking their strategy for steering the U.S. economy as they grapple with unexpectedly tepid price growth. Shortfalls relative to the Fed’s 2.0 percent target have prompted officials to shelve plans for further rate hikes amid consumer expectations for inflation at its lowest levels in half a century over the coming five years. FT