On Sunday, Nile Kashkari, head of the Federal Reserve at Minneapolis (FED), said in the face of the CBS show on Sunday that the chances of stagnation from the trade war of President Trump will be determined whether there are “quick decisions” to trade uncertainty with the main commercial partners.
“This is the biggest blow to the confidence that I can remember in the ten years I was at the Federal Reserve, with the exception of March of 2020 when Kovid was first hit,” said Kashkari.
“So when there is this type of confidence, it can have significant effects on the economy,” he added.
Additional quotes
“In many sectors, whether it is a 10 % tariff or a 50 % tariff or 100 %, it has a major impact on commercial flows, and thus feels a lot of my dedication to those I hear here.”
“In the Federal Reserve, our mission is to maintain inflation under control so that this rate is not higher.”
“Investors in the United States and around the world are trying to determine what is a new natural in America.”
“The markets work, and the deals are caused, so I expect it to continue.”
Market reaction
At the time of writing this report, the US dollar index increased by 0.11 % a day, as it is circulated at 99.89.
