Fed's Kashkari: US economy entered the year strong, but lots of uncertainty now
According to Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari, although the year saw a strong start for the US economy, ongoing uncertainty at the hands of the Trump administration's trade policies has put a significant dent in investor sentiment, creating turbulence in markets and making it difficult for businesses to pull the trigger on the exact investments and hiring that President Donald Trump is hoping for.
Key highlights
Coming into this year economic conditions were good.
There's big uncertainty now in the economy.
I don't know when the tariff landscape will settle out.
Businesses are holding off on investment amid uncertainty.
It's wait-and-see until we get more information.
Very bullish there will be lots of jobs in the future of the US economy.
Net net, AI will be strongly positive for the economy.
Investor confidence is key to whether debt levels are a problem or not.
There's more of a question about the US' long-term role right now.
Author
Joshua Gibson
FXStreet
Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.
