(RTD News Update) Dallas Fed President Robert Kaplan says the fourth-quarter economy is ‘weak'
#Dallas Federal Reserve President #RobertKaplan expects U.S. economic growth to slow substantially in the fourth quarter because #businesses worried about the trade #war are cutting their #inventories.
“We think the fourth quarter is going to be weak,” Kaplan told CNBC’s Steve Liesman during a live interview on “Squawk Box.”
The central #bank official attributed the #anemic growth level to “#deglobalization” in the form of #tariffs the #US & #China have levied against each other.
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