Fed chair: Trade policy uncertainty ‘weighing’ on U.S. economy

Trade policy uncertainty is contributing to a slowdown in the global economy and “weighing” on the otherwise favorable outlook for the U.S. economy, Federal Reserve Chairman Jerome Powell said on Friday. “As the year has progressed, we have been monitoring three factors that are weighing on this favorable outlook: slowing global growth, trade policy uncertainty, and muted inflation,” Powell said in a speech in Jackson Hole, WY. “The global growth outlook has been deteriorating since the middle of last year...