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Keyword: tradeimbalances

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  • Fed: Trade frictions threaten resilient economy

    08/29/2007 1:25:30 AM PDT · by 2ndDivisionVet · 12 replies · 394+ views
    Reuters ^ | August 25, 2007 | Ros Krasny
    BILOXI, Mississippi (Reuters) - Officials from the Federal Reserve on Saturday warned of dangers from a rising tide of trade disputes and the harmful impact on what one otherwise termed a "resilient" United States economy. Three regional Fed presidents steered clear of current economic or monetary policy topics at a panel discussion on the southern U.S. economy at the Southern Governors' Association conference. The presidents of the St. Louis, Dallas and Atlanta Feds, respectively, mostly focused on the dangers of protectionism and the need for an educated and flexible work force to cope with rising foreign competition. The governors convened...