(Reuters) – Federal Reserve Vice Chair Philip Jefferson on Thursday declined to offer any specifics about how the Trump administration’s sweeping tariffs announced on Wednesday affect his outlook for the economy and monetary policy, though he appeared to signal some worry about its potential dampening effect on economic growth.
“There remains a substantial amount of uncertainty around trade and this level of uncertainty of course can weigh on households and business investment,” Jefferson said in answer to a question about his thoughts on Wednesday’s trade policy announcements at an Atlanta Fed conference.
He said he is assessing not just the affect of trade policy but the net impact of all the new policies, including fiscal, immigration and regulation.
“We’re in a situation where it’s going to be important to take out time and think carefully about their impact.”
(Reporting by Ann Saphir; Editing by Chris Reese)
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