WASHINGTON – U.S. Federal Reserve Governor Stephen Miran stated that the economic growth for the coming year is dependent on the outcome of escalating U.S.-China trade risks, according to Reuters. “We will have to see how the next few weeks play out,” Miran said on Fox Business’s ‘Mornings with Maria’, referring to China’s new restrictions on exports of critical rare earth minerals and President Donald Trump’s threat to retaliate.

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Miran indicated that the situation remains fluid. “It could all go away in the next few days. If it goes away we have a good scenario for growth,” he said.

Source: IndexBox Market Intelligence Platform