BOE’s Greene Says Dollar Moves Complicate Tariff Policy Response

Bank of England policymaker Megan Greene said US tariffs will slow growth but the impact on inflation was less clear because the dollar is not behaving as would be expected.

Speaking at the Delphi Economic Forum in Greece on Saturday, Greene said the trade war unleashed by US President Donald Trump would be a “global demand shock” and the tariffs “will impact the economy.” But she added that “the implications for inflation are somewhat ambiguous.”