Fed's Bostic says economic optimism has 'almost completely faded' because of trade fears
June 18, 2018 at 13:17 PM EDT
Fears over a potential trade war are dampening the prospects for above-trend economic growth, Atlanta Fed President Raphael Bostic said Monday. At a time when most economists have substantially boosted their outlooks for GDP gains, particularly in the second quarter, the central bank official cautioned that the enthusiasm could be misplaced.