US President Donald Trump's tariff policy could have serious consequences for the US economy. This is the assessment of Christopher Waller, director of the US central bank, the Federal Reserve. This is reported by the Swiss newspaper Tages-Anzeiger.
- The new tariff policy is one of the biggest shocks to the US economy in decades, says Christopher Waller, director of the Federal Reserve.
Waller emphasizes that the consequences of the policy are highly uncertain and that it makes it difficult to predict future economic developments.
- Therefore, monetary policy must remain flexible, says Christopher Waller.
He does not rule out a possible interest rate cut in the US in response to the current situation, but assesses that an increase in inflation triggered by the tariff policy will probably only be temporary.
According to Tages-Anzeiger, Trump's many tariff announcements, withdrawals and general unpredictability in the area are creating great uncertainty. This has previously caused significant fluctuations in financial markets. The Federal Reserve's next interest rate decision is scheduled for May, when it is expected to leave rates unchanged.
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