Economic Report: Brexit Concerns Weighed on Fed’s Decision to Hold Rates
The results of the recent Brexit vote are still causing ripple effects in the world economy. In the United States, the Federal Reserve was considering the implications of a possible United Kingdom exit from the European Union even before the referendum went before British voters.
In this week’s “Economic Report,” Dr. Rick Harper, who leads the University of West Florida Center for Research and Economic Opportunity, spoke with WUWF 88.1-FM’s Dave Dunwoody about the Fed’s decision to hold interest rates in the wake of the U.K. vote.
“It looks like Brexit played a prominent role, along with concerns about a sluggish labor market,” Harper said. “Their (the Fed’s) concern was that Brexit would introduce additional uncertainty in the marketplace, and we’re certainly seeing that today.”
To read the complete report, click here.