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.