US shutdown could stunt economic growth: NY Fed chief
The shutdown of the US government -- now in its record 28th day -- is becoming a drag on economic growth, the president of the New York Federal Reserve Bank said Friday. John Williams, who also holds the influential vice chairmanship of the Federal Reserve's policy committee, reportedly told a gathering the government work stoppage could shave as much as a full percentage point off GDP growth in the first quarter. In an address delivered to a New Jersey banking association, Williams said the shutdown... Читать дальше...