Detailed text transcripts for TV channel - CNN - 20180706:16:11:00
Down, but what else is available? you write in your piece about the fed, for the past 11 years, the fed's tools were reasonably well suited to the challenges that presented themselves. the central bank became more central than usual to every economic discussion. but this time, the economic risks are different, and if the conflict over trade practices starts to cause damage to the broader economy, we shouldn't count on the fed to bail us out. because the fed's tools are not trade war tools, right? >> this is going to cause both inflation and a hit to growth. so that means if jay powell tries to...
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