Fed Officials Warn That Tariff Brawl Clouds Interest-Rate Path
- Bullard says yields could be tugged lower, limiting rate hikes
- Trade war ‘a material uncertainty in the outlook’: Brainard
MUFG's Rupkey Says Stock Market Drop Won't Stop Fed Rate Hike
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Federal Reserve officials warn an escalating trade dispute between the U.S. and China is adding an unwelcome layer of doubt to an otherwise bright economic outlook, though it’s premature to say what the fallout means for jobs, inflation or monetary policy.
“It increases the uncertainty around the forecast,” St. Louis Fed President James Bullard told reporters Wednesday in Little Rock, Arkansas. “It does present some downside risk, but generally speaking it is too early to tell what the actual impact will be on the U.S. economy.”