Fed sees tariffs as ‘persistent headwind’ to economic growth

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Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019.

Sarah Silbiger | Reuters

Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle, citing the issue multiple times during discussions at the central bank’s July meeting.

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Members spoke about trade on multiple occasions, saying it was one of the chief headwinds for the economy,

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