U.S. Economic News
February 11, 2019
U.S. News
Andrew Ackerman of the Wall Street Journal reports that Federal Reserve governor Randal Quarles stated global regulators must revamp their process of assessing new threats to the financial system, as the financial sector evolves and post-crisis growth peaks. Quarles believes the Financial Stability Board, a panel of international policy makers that was established in 2009, must put more resources into identifying new vulnerabilities now that more than a decade has passed since the financial crisis and the board’s agenda is complete. WSJ
The Wall Street Journal reports that the U.K. economy experienced its weakest growth in six years during 2018 as businesses cut investment due to growing uncertainty about the way the country will leave the E.U. The U.K. is scheduled to leave the E.U. on March 29, but it is unclear whether it will have a transition period maintaining the status quo while a new agreement is negotiated, or will immediately shift to a new regime of tariffs dictated by the World Trade Organization. WSJ