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Fed's Kaplan Says Trade Issues With China Won't Resolve Soon

He says it’s too early to judge impact of tensions on economy
Kaplan reiterates his base case is two more hikes this year

Bloomberg business news — Federal Reserve’s Robert Kaplan discusses U.S. and China trade tensions, the U.S. labor market and debt levels.(Source: Bloomberg)

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April 10, 2018, 2:08 AM UTCUpdated onApril 10, 2018, 11:13 AM UTC

Federal Reserve Bank of Dallas President Robert Kaplan said trade issues between the U.S. and China won’t get resolved soon and warned of potential damage if the dispute is prolonged.

“I really do think it is too early to judge how this is going to affect the economy,” Kaplan said on Bloomberg Television from Beijing. “But I do think the rhetoric, if it goes on for long enough at this level, is having somewhat a chilling effect.”