Bigger rate cut may be needed if large tariffs persist: Fed official
Buget
WASHINGTON The U.S. central bank may need to make a bigger-than-expected interest rate cut if President Donald Trump keeps large tariffs in place for an extended period, a top Fed official has warned. "Economic growth is likely to slow to a crawl and significantly raise the unemployment rate," Federal Reserve governor Christopher Waller told an event in Missouri. Waller expects elevated inflation "would be temporary," but noted that it could go as high as 5 percent in the near-term, and said
din zilele anterioare