Top US Federal Reserve official has warned that ignoring Donald Trump’s tariffs would be “a mistake”. The comments come amid rising tensions between Washington and Beijing, with the two nations engaged in a trade dispute. The Fed official’s statement suggests that any attempts to dismiss or downplay the significance of the tariffs would be ill-advised. This move is seen as a significant development, highlighting the growing importance of the Federal Reserve in navigating the complex web of global trade policies.
Source: https://www.ft.com/content/d29ce1f6-d915-45f2-a546-846f4d10bf6e