Longer US govt shutdown will hit economy: Powell Jan 11, 2019 0 328 12345 The US economy could take a clear hit from the government shutdown if it continues for a long time, Federal Reserve Chairman Jerome Powell said Thursday. While most previous shutdowns have been fairly short and have not affected the economy in the aggregate, Powell said, “if we have an extended shutdown, I think that would show up in the data pretty clearly.” The US government has been partially shuttered since late December as President Donald Trump has refused to sign a budget agreement unless Congress agrees to allocate $5 billion for a border wall. About 800,000 federal workers, including air traffic controllers and members of the Coast Guard, have been without pay for three weeks. “In the short term if government shutdowns don’t last very long they’ve typically not left much of a mark on the economy,” Powell said. (afp) Pages 12 RELATED ARTICLES Brent steadies at $61/bbl Jan 11, 2019 0 292 Investors question Amazon’s future after Bezos’ divorce news Jan 11, 2019 0 468 QSE kicks off 2019 weekly trade with a bang, gains over 300 pts Jan 11, 2019 0 522 Foxconn December revenue dips, first time in 10 months Taiwan’s Foxconn, a key Apple supplier, reported a 8 percent fall in its December revenue on Thursday, dampening its performance in 2018 amid tepid demand for electronics. Foxconn, formally known as Hon Hai Precision .. Ford Europe to slash thousands of jobs in turnaround plan Ford said on Thursday it will cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe. Ford Europe .. Wall St flat after 4-day surge as retailers, trade talks disappoint Reuters NEW YORK US stocks were little changed on Thursday after a four-day surge, as weakness in retailers due to tepid holiday season report from Macy’s Inc and concerns over progress in the US-China trade talks were ..