is something i picked up over the last couple of days and he prefaces every time with this , when itcould be good comes to global trade. he doesn't think they are trying to go back to protectionism, but is quick toit as he acknowledge. let's listen to what jay powell said earlier today. >> the retaliatory tariffs are just beginning and we have the agricultural patch affected and it is just the beginning. workant to be careful to on this. beige book survey, what did they find? it is holding up nicely, but there is trade concern in all the streets and it is starting to spread. all the districts are reporting tight labor markets and the inability to find the mark is that they are looking for. this is an issue and jay powell said that the united states may employment, butu there would still be some slakc and he says that inflation risks are balance and wages are rising res, but don't look for the aggressive fed in the light of the trade tensions that are definitely there. that.nk you so much for top-performing pension fund has shrugged off trade war concerns and looks to pump hundreds of mill