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Published on Aug 18, 2016
Businesses
may remain cautious on spending and investment for some time, says
Martin Barnes, Chief Economist of BCA Research. He believes uncertainty
both in the U.S. and abroad has resulted in businesses adopting a bunker
mentality. Barnes expressed concern about the U.S. presidential
election and what will happen with trade policy. On another matter,
Barnes believes there are limits to how much monetary policy can improve
things like business confidence, and he thinks the Federal Reserve
should move in September and get it over with. Barnes spoke with
TheStreet's Rhonda Schaffler at Camp Kotok, an annual retreat of
economists held in Grand Lake Stream, Maine.
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