BlockBeats news, on June 4, The Federal Reserve Board of Governors member Cook stated that due to tariff measures, inflation is expected to rise, and economic activity will slow down. Tariffs may lead to a stagflation-like economic environment. Tariffs could pose a challenge to the mission of the Federal Reserve (FED), but the development of the situation still needs to be observed. (Jin10)
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The Federal Reserve Board of Governors: Tariffs may lead to an economic environment similar to stagflation.
BlockBeats news, on June 4, The Federal Reserve Board of Governors member Cook stated that due to tariff measures, inflation is expected to rise, and economic activity will slow down. Tariffs may lead to a stagflation-like economic environment. Tariffs could pose a challenge to the mission of the Federal Reserve (FED), but the development of the situation still needs to be observed. (Jin10)