US economy is slowing, but still has momentum, former official says

2 weeks ago

Less than a minute

2024.09.04 22:50

© Reuters. A drone view of new residential home construction at Fox Point Farms, a development by Shea Homes, is shown in Encinitas, California, U.S., June 18, 2024. REUTERS/Mike Blake/File Photo

SHANGHAI (Reuters) – The U.S. economy is slowing but it still has some momentum, former Treasury Secretary Robert Rubin said on Thursday.

The U.S. Federal Reserve is doing about the right thing, Rubin told the Bund Summit in Shanghai, adding that former President Donald Trump poses multiple risks to the economy.

2 weeks ago

Less than a minute

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