Federal Reserve official: Will support interest rate cuts if Trump's high tariffs cause unemployment to soar
Internet reported that US Federal Reserve Governor Christopher Waller warned on the same day that the trade war triggered by US President Trump may soon lead to an increase in unemployment. It is reported that the current employment situation in the United States is at risk because other countries impose retaliatory tariffs on American goods. If foreign customers reduce orders, some export-dependent industries in the United States may be forced to lay off workers. Waller said that if the tariffs remain as they are, they will not have a significant impact on the U.S. economy until July. If the Trump administration returns to aggressive tariff levels, companies may start laying off workers, and he will support interest rate cuts if unemployment rises significantly. Waller emphasized that he expected more interest rate cuts soon if the labor market deteriorated significantly.
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