Atlanta Fed chief: Trade wars not easy

Federal Reserve Bank of Atlanta President Raphael Bostic warned Wednesday that erecting trade barriers is unlikely to help the U.S. economy, the Wall Street Journal reported, and that the threat of these restrictions is adding uncertainty to the central bank’s interest-rate-rise outlook.

Asked if a trade war with other nations would be easy and winnable, as President Donald Trump has said, Bostic answered, “No.”

Protectionism “is often not helpful for the broader economy,” and while trade…

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