US EditionHow will Trump's tariffs affect Minneapolis? The Federal Reserve Bank President shares
- The Fed, on March 19, extended its pause in rate cuts, keeping rates between 4.25 and 4.50 percent.
- Uncertainty surrounding President Trump's planned tariffs on trade partners prompted the Fed's rate pause.
- The committee voiced concerns about difficult tradeoffs due to inflation and a weakened outlook for growth.
- According to the minutes, "significant uncertainty surrounded the magnitude and persistence of such effects" from tariffs.
- Kashkari expects tariffs to increase prices, potentially impacting consumer spending and hindering interest rate cuts.
10 Articles
10 Articles
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"There's no bad weather, only bad clothing." That's the motto of the Federal Reserve Bank of Chicago, where Austan Goolsbee is president. As economic weather conditions stay unpredictable, Austan tells us how he's gearing up for tariffs, inflation, and more. Related episodes:The Fed cut rates ... now what? (featuring: Sasquatch) (Apple / Spotify)Tariffied! We check in on businesses (Apple / Spotify)A chat with the president of the San Francisco …
Faribault textile company benefitting from tariffs
There’s at least one business in Minnesota that isn’t worrying about the Trump administration’s tariffs. KSTP reports that Faribault Mill is seeing a bump to its bottom line.When spring hits Minnesota, sea ice in the Arctic reaches its maximum extent. This year, however, the Arctic’s ice cover is at an all-time low. This has a direct effect on Minnesota, as reported in Bring Me the News.The defamation lawsuit filed by a Minneapolis police office…
Fed’s Kashkari Sees a Higher Bar for Rate Cuts With Tariffs
Federal Reserve Bank of Minneapolis President Neel Kashkari said the central bank is less likely to lower interest rates in the face of tariffs given their inflationary impact, even if the economy begins to deteriorate.
Federal Reserve’s Neel Kashkari says uncertainty remains after Trump tariff pause #shorts
Federal Reserve's Neel Kashkari says uncertainty remains after Trump tariff pause #shorts #news #politics #trump CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nati…
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