TechFlow news, May 9 — According to Jinshi Data, Federal Reserve Governor Barr stated that Trump's trade policies could push up inflation, slow economic growth, and increase unemployment later this year, potentially leaving policymakers with a difficult decision on which issue to address. Barr said: "The scale and scope of the recent tariff increases are unprecedented. We don't yet know their final form, and it's too early to say exactly how they will impact the economy." However, he noted that the risks are clear. "In my view, higher tariffs could disrupt global supply chains and create persistent upward pressure on inflation," he said. He also pointed out that businesses need time to adjust their distribution networks. Some suppliers, especially small businesses, may not adapt quickly enough and could fail, further exacerbating supply chain disruptions. Barr added: "I am equally concerned that, as the economy slows, tariffs could lead to rising unemployment." "Therefore, if we see both inflation and unemployment rising simultaneously, the Federal Reserve could find itself in a bind."
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
