Trump Tariff: Jerome Powell, chairman of the US Federal Reserve, says that the tariff policy of President Donald Trump may increase inflation, slow growth. At an event held at the Economic Club in Chicago on Wednesday, Pavel said, the fed focus is just that the policy of Trump has increased inflation to a limit and not for a long time.

Trump’s tariff more than estimates: Pavel

Pavel has given strict warnings about the impact of Trump’s constant increase in tariffs. He said, “The level of tariffs declared so far is more than the estimate. Due to this, inflation can increase, economic growth may slow down, unemployment situation may arise. This is a challenge that the Federal Reserve did not have to face in half a century. ”

Citizens of the country will have to bear the burden of tariff

He says that the pressure on the labor market will increase due to increasing inflation. To understand the impact of Trump’s policy on the economy, other policy makers of Fed have also supported keeping interest rates stable. He said that unemployment is also likely to increase due to slow economy. There is also every possibility of increasing inflation, which the public will have to bear as a burden of tariffs.

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