1. United States
2. Texas
3. Letter

The Federal Reserve Chair Jerome Powell has warned that the ongoing trade disputes and tariffs imposed by the US administration are projected to result in higher inflation and slower economic growth. These tariffs on imports from major trading partners are likely to increase costs for businesses and consumers, fueling inflationary pressures. Additionally, the retaliatory tariffs imposed by other countries on US exports will hamper the growth prospects for domestic industries. This unnecessary escalation of trade tensions is creating substantial economic risks and uncertainties that could derail the current economic expansion. A negotiated resolution to defuse trade conflicts would prevent further harm to the economy and American households.