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Fed’s Bullard says the end of an era of free trade is imperiling the U.S. economy

September 24, 2019

St. Louis Fed President James Bullard on Monday said the U.S. economy is at risk because the 75-year old era of free trade, which has helped domestic companies prosper globally, is ending.

The global economy is “going to have to transition to this new reality that trade won’t be as free as it was,” Bullard told reporters after a speech in Effingham, Ill.

Many economists think U.S. gross domestic product — considered the official report card of U.S. economic health — will be able to withstand any shock from the trade uncertainty and the weak global outlook that it has caused.

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