Central Banker: The U.S. Could See A Sharp Downturn In The Coming Months

James Bullard, president of the Federal Reserve Bank of St. Louis, said risks facing the economy include uncertainty over global trade policy and the slowing of the global economy. The head of the St. Louis Federal Reserve warned Tuesday that the U.S. economy could see a sharper slowdown than expected in the coming months.

“Slower global growth may feed back into slower growth in the U.S.,” he said. “U.S. monetary policy cannot reasonably react to the day-to-day give and take of trade negotiations,” Bullard said Tuesday during a presentation at a conference in London, adding that he doesn’t expect trade policy uncertainty will subside in the years ahead.

The Washington Examiner reported that Bullard said the Fed is attempting to alter the path of monetary policy this year. The Fed has cut interest rates two consecutive times, and Bullard, a member of the central bank’s Federal Open Market Committee, said it “has tried to insure against this downside risk by dramatically altering the path of monetary policy” this year.

Bullard voted against the Fed’s decrease in interest rates following its meeting in September, as he preferred a steeper cut. Because of the risks that remain high for the U.S. economy, the Federal Reserve “may choose to provide additional accommodation going further, but decisions will be made on a meeting-by-meeting basis.”

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While the risks remain high for the U.S. economy, some analysts say there isn’t really anything the central bank can do to stop or lessen the effects of the next recession. If the Fed is seeing the cracks, it’s time to be prepared for what could come.  No one knows exactly what the next recession will look like, only that one is coming, and those who are prepared will have a better chance than those who are not.

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Across the ages, in every survival story, a disaster of some sort plays a prominent role. Sometimes the part is played by the government, sometimes it is played by Mother Nature, and other times, the role is taken on by a random mishap. If we have learned one thing studying the history of disasters, it is this: those who are prepared have a better chance at survival than those who are not. A crisis rarely stops with a triggering event. The aftermath can spiral, having the capacity to cripple our normal ways of life. Because of this, it’s important to have a well-rounded approach to our preparedness efforts. Due to the overwhelming nature of preparedness, we have created the Prepper’s Blueprint to help get you and your family ready for life’s unexpected emergencies. To make a more comprehensive, easy-to-follow program,

This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.