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

Published : February 14, 2017

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)

 

 
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