Reported about 17 hours ago
The Bank for International Settlements has cautioned that tariffs imposed under Donald Trump's trade policies may exacerbate inflationary pressures in the US, complicating the Federal Reserve's efforts to maintain price stability. General Manager Agustin Carstens expressed concerns about economic volatility and the potential for increased inflation expectations amidst a slowing economy. The BIS emphasized the need for central banks to remain focused on their core missions while warning of risks to both inflation and financial stability due to global trade disruptions.
Source: YAHOO