Reported about 15 hours ago
Kenneth Rogoff, a former IMF chief economist, discusses the potential negative impact of President Trump's proposed tariffs on the U.S. economy at the 2025 World Economic Forum in Davos. He argues that while the inflationary effects may not be significant, the unpredictability of the tariff policies could dampen business confidence and lead to slower economic growth, echoing concerns from previous tariff increases in 2018. Rogoff also comments on the Federal Reserve's uncertain stance amid ongoing fiscal deficits and strong economic sectors like AI investment.
Source: YAHOO