Fed’s Kaplan Sees Risks to Outlook as ‘Fairly Balanced’

The transcript discusses the economic outlook of an FOMC member, highlighting expectations for weak manufacturing, sluggish global growth, and a strong consumer in 2020. The member believes risks are balanced and hopes for trade stabilization. Political factors are dismissed in decision-making, with a focus on 2% growth and 3.5% unemployment. The phase one trade deal with China is seen as a minor impact, with long-term trade issues persisting.

What does the speaker imply about the impact of the phase one trade deal on the economy?

What are the long-term implications of trade issues with China according to the speaker?