Job Losses Looming: Fed Warns of Trade War’s Impact on Employment

Federal Reserve Board member Christopher Waller has sounded the alarm about potential job losses stemming from the ongoing trade war initiated by former U.S. President Donald Trump. Waller cites retaliatory tariffs imposed by other countries on American goods as a major factor threatening current employment levels in the United States. Industries heavily reliant on exports may be forced to lay off workers if foreign customers reduce orders, according to Waller’s assessment. ]