Trade Uncertainty Triggers Economic Hesitancy as Fed Prepares for Decisions

The uncertainty surrounding trade policies is casting a shadow over the American economy, prompting anxiety among economists and businesses alike. Austan Goolsbee, President of the Chicago Federal Reserve, warns that these policy uncertainties could force the Federal Reserve to delay crucial interest rate decisions, potentially hindering economic growth. His concerns are rooted in the disruptive impact of past tariffs implemented during the Trump administration, which experts believe have contributed to economic strain and increased the risk of stagflation.