Fed Governor Powell warned Trump: Tariffs could push inflation and unemployment rates up at the same time

According to the Securities Times app, Federal Reserve Board Governor Michael Barr said on Friday that the Trump administration's aggressive trade policies may put the Fed's monetary policy decisions in a very difficult position by creating long-term inflationary pressure and higher unemployment rates. However, he added that the U.S. benchmark interest rates are currently at a very appropriate and stable level until further understanding of how these tariff measures will affect the U.S. economy.