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Fed’s Cook says geopolitical tensions could change US economic outlook

Dr. Lisa DeNell Cook, of Michigan, nominated to be a Member of the Board of Governors of the Federal Reserve System, speaks before a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. REUTERS/Ken Cedeno/Pool/File Photo Acquire Licensing Rights

DUBLIN Nov 8 (Reuters) – A rise in geopolitical tensions across the world could aggravate already subdued growth in Europe and China and the spillover may alter the path of the U.S. economy, Federal Reserve Governor Lisa Cook said on Wednesday.

“Clearly what happens to the rest of the world affects the U.S. and right now economic growth is pretty subdued among our major trading partners,” Cook said during a panel discussion at a conference hosted by the Central Bank of Ireland in Dublin.

“We are not only watching subdued growth, we’re watching the geopolitical…

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