April 17, 2018 / 3:09 PM / 8 months ago

Fed's Williams says uncertainty over trade policy a worry

MADRID (Reuters) - While actions taken in the trade conflict between the U.S. and other countries have so far had little effect on the economic outlook, continued uncertainty over trade policy is a worry, San Francisco Federal Reserve Bank President John Williams said on Tuesday.

Tariffs would have to be broader based and applied to many countries before they could have a significant effect on the outlook, he said. But uncertainty can have a “negative” effect on businesses and people, especially those involved in exports, Williams told reporters after a talk at Banco de España in Madrid.

Reporting by Jesus Aguado and Isla Binnie; writing by Ann Saphir; Editing by Chizu Nomiyama

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