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August 20, 2018

The Latest: Businesses' trade concerns growing, Powell says


WASHINGTON — The Latest on the Federal Reserve policy meeting (all times local):

3:10 p.m.

Federal Reserve Chairman Jerome Powell says the central bank is hearing growing concerns from business executives about the Trump administration’s trade policies, including anecdotal cases where companies have postponed larger purchases or new hires.

But those trends have yet to impact an economy that Powell says “is in great shape.”

Source: Boston Herald

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