Fed Chair Bluntly Warns Against Trump Tariff Impact

Fed Chair Bluntly Warns Against Trump Tariff Impact

On Wednesday, Federal Reserve Chair Jerome Powell defended the bank's decision to stabilize interest rates. He said that, while the economy seems solid, President Donald Trump's tariffs increase the risk of inflation and unemployment, warranting a pause in monetary policy to see how things go.“If the large increases in tariffs that have been announced are sustained, they're likely to generate a rise in inflation, a slowdown in economic growth, a…

Fed warns on stagflation risks as trade war bites

The US Federal Reserve last night warned of the growing threat of stagflation in the world's biggest economy as it grapples with the impact of US President Donald Trump's trade war, writes John-Paul Ford Rojas. Fed chair Jerome Powell said that the steep tariffs announced last month - but which were then postponed for 90 days - would drag down growth and push up inflation if they remain in place. It came as America's central bank chose to leave …

The Fed, in the form of Jerome Powell, clearly warns against stagflation in the US – triggered by the trade war of Donald Trump. Thus, the Fed boss continues to clearly oppose the inflationary consequences of Donald Trump's customs policy, but so far the US president has surprisingly failed to comment on this. Goldman Sachs expects inflation [...] The post Fed warns against stagflation because of Trump – today's "greater" trade deal! Video outlo…