đ¨ Abstract
On May 9, 2025, the Associated Press reported on economic uncertainty due to President Donald Trump's tariffs. Federal Reserve official Tom Barkin noted that businesses are hesitating to hire and spend due to the uncertainty, but not yet exhibiting recessionary behavior. The Fed faces a dilemma: higher tariffs could increase inflation, necessitating higher rates, or they could slow the economy, requiring lower rates. Chairman Jerome Powell acknowledged rising risks of both higher inflation and unemployment.
Courtesy: wtop.com
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