Understanding the Impact of Trump's Trade War on the Chicago Federal Reserve and Jerome Powell
Thursday, 17 April 2025, 22:50
Austan Goolsbee Analyzes Trump's Trade War and its Impact
Austan Goolsbee from the Chicago Federal Reserve shared insights on President Trump’s trade war and the *ongoing challenges* with tariffs. The president's threats to fire Jerome Powell, the Fed Chairman, add uncertainty into the equation.
The Role of Tariffs in Economic Growth
The administration's reliance on tariffs has significant implications:
- Potential slowdown in economic growth.
- Rising inflation concerns as noted by the International Monetary Fund.
- Trade tensions impacting global markets.
Future Outlook for Federal Reserve Actions
Jerome Powell faces mounting pressure amid these developments. The Fed's decisions on interest rates are critical as global economic conditions shift.
Visit the source for more details on this evolving story.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.