Bloomberg Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of AtlantaThe president of the Atlanta Fed said Monday that concerns about trade may have thwarted the benefits of tax reform in terms of getting businesses to invest Raphael Bostic, the president of the Atlanta Fed, said the trade concerns aren’t so high as to get businesses to scrap the projects they’re currently working on. But they are enough to get them to be hesitant about the future. “I began the year with a decided upside tilt to my risk profile for growth, reflecting business optimism following the passage of tax reform,” Bostic said. “However, that optimism has almost completely faded among my contacts, replaced by concerns about trade policy and tariffs. Perceived uncertainty has risen markedly. Projects already under way are continuing, but I get the sense that the bar for new investment is currently quite high,” he said. On Friday, Trump announced tariffs on $50 billion of Chinese goods, and is feuding with Canada, Mexico and the European Union on metals, agriculture and automobiles, among other sectors.via