From Yahoo Finance: 2025-03-20 13:57:00

The U.S. economy faces slowing growth and rising inflation, causing concern globally. Central banks worldwide are monitoring the effects of President Trump’s trade policies. Bank of England and Bank of Japan cite Trump’s tariffs as clouding the global outlook. European Central Bank and Swiss National Bank express worry over growth and inflation impacts.

The International Monetary Fund warns of a global recession due to trade war risks. Economists predict a recession in Canada and Mexico, while global uncertainty rises. Trump plans tariffs on goods from Mexico, Canada, and other countries, impacting global economic growth negatively. Federal Reserve projects slower growth and higher inflation, with monetary policy outlook uncertain.

Fed Chair Powell expresses difficulty in making projections amidst high uncertainty. Fed’s growth projections show slowing growth, undermining Trump’s promise of economic prosperity. U.S. exceptionalism post-pandemic may end, as growth returns to long-run trend. Resilient U.S. economy faces risks of stagflation due to trade policies’ impact. Fed’s outlook shifts towards stagflation, influenced by tariffs.



Read more at Yahoo Finance: Trump trade upheaval leaves foreign central banks guessing