Reported 1 day ago
Sergio Ermotti, CEO of UBS Group AG, stated that the implications of global tariffs on the US economy and inflation are still uncertain, complicating predictions for Federal Reserve policy. In an interview, he highlighted the necessity of understanding how tariffs may influence consumer prices and expressed mixed views on the economic landscape, emphasizing a divide between technology-driven and traditional sectors. Additionally, Ermotti criticized proposed banking capital rules in Switzerland as excessive and reiterated UBS's commitment to maintaining its global footprint despite challenges.
Source: YAHOO