US Federal Reserve minutes revealed a split among policymakers over the effects of President Trump’s tariffs on inflation, highlighting the need for further data before drawing conclusions.
The minutes from the Fed’s latest meeting showed that some members believed tariffs had no significant impact on inflation, while others thought they may have had a limited effect. The European Central Bank also raised concerns about the ongoing trade tensions between the US and its allies.
Despite this, the minutes did not indicate any significant shift in monetary policy, with interest rates remaining unchanged. The Fed’s chairman reiterated that the central bank is monitoring the situation closely and will adjust its stance if necessary.
The mixed assessment of tariffs highlights the ongoing uncertainty surrounding the impact of trade policies on the global economy.
Source: https://www.ft.com/content/8506ffb4-db4b-4b7a-aca6-b6739dd0cc9f