Fed's Kashkari expresses concerns about tariffs, uncertainty in trade policy, and economic impact

From Yahoo Finance: 2025-04-22 14:22:00

The Federal Reserve Bank of Minnesota President Neel Kashkari expressed concerns about the impact of President Trump’s tariffs on inflation and the economy. Kashkari emphasized the uncertainty surrounding U.S. trade policy and its potential negative effects on economic growth. He defended the Fed’s independence from political pressure and highlighted the importance of focusing on price stability and full employment. Kashkari warned of possible consequences from rising Treasury yields and a weakening dollar, including reduced investment and increased borrowing costs. He stressed the importance of maintaining America’s position in the global economy to preserve the dollar’s role as the world’s reserve currency.



Read more at Yahoo Finance: Fed’s Kashkari says ‘too soon to judge’ interest rate path