Fed Barr did not comment on the interest rate outlook in a prepared speech
According to online reports, Federal Reserve Barr did not comment on the interest rate outlook in a prepared speech. Federal Reserve Barr said that the U.S. economic foundation is solid and the inflation rate is expected to fall to 2%, but uncertainty about trade policy has affected the outlook. Trade shocks can have a particularly severe impact on small businesses and trigger price increases if supply chains are affected or companies fail.
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