Fed's Goolsbee: Tariffs may lead to a double contraction in consumption and investment

avatar
MarsBit
04-02
This article is machine translated
Show original
Mars Finance News: On April 2, Federal Reserve Governor Goolsbee stated that the economy would fall into chaos if consumers halt spending due to uncertainty or businesses pause investments. Theoretically, the impact of tariffs on prices should be temporary, but considering factors such as retaliatory tariffs and intermediate goods taxation, the actual impact may be more lasting. Goolsbee emphasized that although surveys show business and consumer confidence has "almost hit rock bottom," actual data still indicates robust growth in the US economy. He maintained his previous assessment, expecting interest rate cuts within the next 12 to 18 months. (Jinshi)

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo