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In Trump's shadow, Fed official says trade barriers a 'dead end'

DA60

DA60

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'Trade protectionism is a "dead end" that may score political points but will ultimately hurt the U.S. economy, one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump administration.

William Dudley, head of the New York Fed, did not mention U.S. President Donald Trump by name in a speech at the Bombay Stock Exchange. But he gave a full-throated economic and even political argument for resisting trade barriers that he said would hurt growth and living standards in both the United States and around the world.'

In Trump's shadow, Fed official says trade barriers a 'dead end' | Reuters


Thoughts?
 
Finally...the Fed and I agree on something.

Only an economic moron or a dinosaur thinks protectionism is actually a good thing for America.

Protectionism hurts everyone except the rich.
 
DA60 said:
Finally...the Fed and I agree on something.

Only an economic moron or a dinosaur thinks protectionism is actually a good thing for America.

Protectionism hurts everyone except the rich.
Click to expand...

What would call someone who thinks bad trade deals are good for the American economy and workers?
 
DA60 said:
Finally...the Fed and I agree on something.

Only an economic moron or a dinosaur thinks protectionism is actually a good thing for America.

Protectionism hurts everyone except the rich.
Click to expand...

Define protectionism. Define free trade.
 
DA60 said:
'Trade protectionism is a "dead end" that may score political points but will ultimately hurt the U.S. economy, one of the most influential Federal Reserve officials said on Thursday in the central bank's strongest defense yet of open borders in the face of a skeptical Trump administration.

William Dudley, head of the New York Fed, did not mention U.S. President Donald Trump by name in a speech at the Bombay Stock Exchange. But he gave a full-throated economic and even political argument for resisting trade barriers that he said would hurt growth and living standards in both the United States and around the world.'

In Trump's shadow, Fed official says trade barriers a 'dead end' | Reuters


Thoughts?
Click to expand...

Trump hopefully wants real free trade wherein we can sell there as easily as they can sell here!! Hopefully protectionist talk is just a way of negotiating.
 
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