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MNI EXCLUSIVE INTERVIEW: San Francisco Fed......>

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FED:  MNI EXCLUSIVE INTERVIEW: San Francisco Fed Vice President Daniel Wilson
said in an exclusive interview with MNI that there could be a "downside risk" to
analysts' forecasts for a large boost to U.S. GDP from the Trump
administration's fiscal policy actions, based on research that shows a smaller
lift when policy is procyclical, occurring at the same time as an
already-in-motion expansion. "It's hard to quantify exactly what that impact is
[of fiscal policy on GDP], but the point was really just that there's a downside
risk to a lot of the analyses that we've seen" said Wilson. (See MNI Main Wire
at 1550BST, or contact us for access.)

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