Fed's Brainard says 'core' global growth outlook much improved

WASHINGTON (MarketWatch) - The "core" global growth outlook is much improved compared with two years ago, Fed Governor Lael Brainard said Tuesday. The risks to the economy from major trading partners have "really shifted," Brainard said, during a question-and-answer session after a speech to the Economic Club of New York. This year, global growth is contributing to the U.S. economy after having been a major downside risk, she said. The outlook has improved in Europe, Japan, Canada and China, Brainard said....(read more)

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