Fed's Goosbee: Businesses want some consistency in policy ...Middle East

Companies want some consistencyLeaders have to put pencils down because of so much changeA 50% EU tariff is an order of magnitude different from current situationTariff rates that high would be scary for the suppl;y chainThere is anxiety among firms that continued tariff announcements would disrupt the supply chain and lead to rising price environment.In the short run the Fed needs to wait for the dust to clear, the bar for action is higher until that happens.If tariffs have a stagflationary impact then that is the central banks worse situationMy fear is the data comes out with a lag, so something may have already happened. Upcoming reports may show a more serious impact from actions already taken. This article was written by Greg Michalowski at www.forexlive.com.

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