Could Tariffs Spark Covid-Like Inflation? One Fed Official Is Wary
Key Takeaways President Donald Trump's proposed tariffs could disrupt global supply chains, one Fed official warned Wednesday.Tariffs could bring an unwelcome replay of a pandemic-era phenomenon: supply disruptions had a domino effect,
Fed's Goolsbee warns of potential inflationary impact of tariffs
Chicago Federal Reserve President Austan Goolsbee warned on Wednesday that ignoring the potential inflationary impact of tariffs would be a mistake, citing the COVID-19 pandemic experience where supply chain disruptions drove up inflation.
Top Federal Reserve official says it would be ‘mistake’ to ignore tariff risks
A top Federal Reserve official warned it would be “a mistake” to underestimate the potential for Donald Trump’s planned tariffs to push up prices. Austan Goolsbee, president of the Chicago Fed, on Wednesday said central banks’ tendency to follow “pure economic theory” and ignore supply shocks such as tariffs was “dangerous”.
Fed officials are raising concerns about the impact Trump's tariffs could have on inflation
Federal Reserve officials take great pains not to comment on fiscal policy, but the looming threat from tariffs is forcing their hand.
Tariffs Could Derail the Fed’s Inflation Progress: Chicago Fed President Goolsbee
Trade wars could lead to supply-chain disruptions and an inflation spike similar to the early pandemic, Austan Goolsbee said.
Fed official: Ignoring supply chain risks from tariffs could fuel inflation
The potential for an escalating trade war and other supply chain disruptions threaten to drive up inflation as happened during the COVID-19 pandemic, the president of the Federal Reserve Bank of Chicago said Wednesday.
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