Fed's Barr: Monetary policy is in a good position to adjust as conditions unfold ...Middle East

Economic outlook clouded by trade politics that have increased uncertaintyTariffs to lead to higher US inflation, lower growth starting later this yearFed may be in a difficult position if both inflation and unemployment riseEqually concerned tariffs will lead to higher unemployment as economy slowsTariffs could create persistent upward pressure on inflation by disrupting supply chainsToo soo to know how tariffs will affect the economy

There's nothing new here that hasn't already been said or needs clarification. The Fed dug in and held its ground this week and the comments above reflect that position, as policymakers continue to mull over the impact of Trump's tariffs.

This article was written by Justin Low at www.forexlive.com.

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