Fed Says Economic Growth Holding Up Even as Trade Concerns Spread
Economic expansion continued, even with concerns about tariffs.
The central bank’s beige book stated that 10 of the districts represented “moderate or modest growth.”
“Manufacturers in all districts expressed concern about tariffs and in many districts reported higher prices and supply disruptions that they attributed to the new trade policies,” according to the report, released Wednesday in Washington. “All districts reported that labor markets were tight and many said that the inability to find workers constrained growth.”