Fed's Bostic: Uncertainty over trade has businesses delaying investment

Comments from Bostic

• The last round of tariffs has the potential to directly hit consumers
• Businesses not seeing material weakness in customer base on disruption in supply chains
• Fed's policies have been effective in helping to prolong the expansion, doesn't see a recession in the near-term

Bostic is right that some of the slow investment is due to trade uncertainty, but here's a the real reason investment is slow.