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Fed's Williams: Uncertainty in the economy has risen dramatically

Additional comments from NY Fed President John Williams continue to cross the wires with key quotes found below.

  • Good data is how we make our decisions and we don’t have some data due to shutdown.
  • Will see rebound in GDP after shutdown ends.
  • Shutdown could affect consumer spending, take half a percent or a percent off GDP growth.
  • Shutdown does have significant impact on Q1 growth 
  • Uncertainty in the economy has risen dramatically.

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