May 24, 2018 / 2:42 PM / 9 months ago

Scrapped N.Korea summit could raise U.S. uncertainty -Fed official

May 24 (Reuters) - President Donald Trump’s decision to cancel a planned summit with North Korea’s leader is surprising and could heighten uncertainty that U.S. businesses have over U.S. government policy decisions, a top U.S. central bank official said on Thursday.

“I think it’s going to be a surprise to everybody. It was a surprise to me - I didn’t know that this was even a possibility,” Atlanta Federal Reserve President Raphael Bostic said on CNBC shortly after the White House announced the decision.

“It will have implications from a certainty-uncertainty perspective,” Bostic added. “There is just a lot that the business leaders that I talk to don’t know about where policy is going to be and where it is going to land. And I think this has the potential to add to that, in that these geo-political risks really do have implications for how business will take place.”

Reporting by Jonathan Spicer Editing by Chizu Nomiyama

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below