President Trump’s trade war is likely to lead to higher prices and slower growth, a challenging combination for the Fed. War in the Middle East could make the job harder still.
Economic projections released by Fed officials in conjunction with their meeting showed growth slowing sharply this year, unemployment rising and inflation picking back up. That is a painful mix for the public, and a challenging one for central bankers.
Economic projections released by Fed officials in conjunction with their meeting showed growth slowing sharply this year, unemployment rising and inflation picking back up. That is a painful mix for the public, and a challenging one for central bankers.