Fed's Barr: Supply chain disruptions could lead to higher inflation

Odaily Odaily News: Fed Chairman Barr said the U.S. economy is on solid footing, but he warned that tariff-related supply chain disruptions could lead to slower economic growth and higher inflation. Barr emphasized the importance of small businesses and their role in the supply chain and the overall economy. He said trade policies have cast a shadow on the outlook and added uncertainty. Potential supply chain disruptions are "particularly severe" for small businesses, in part because they have less access to credit. He added that small businesses often provide specialized inputs that are not easily available elsewhere, and business closures could further disrupt supply chains.