US Federal Reserve Policy, Tariffs, and Economic Outlook

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Powell, the president of the Federal Reserve System, stated that the assessment of stagnation risk in the United States has edged higher in recent times but remains modest. He emphasized that the central bank keeps a vigilant watch for signs of weaker objective data.

He also noted that tighter import measures have pushed inflation expectations higher in the United States. This trend has been seen in market performance and in the results of surveys conducted with consumers and businesses.

Powell added that the tightening of import measures led to an increase in inflation expectations in the USA. This was observed in market behavior as well as in the outcomes of consumer and business surveys.

Earlier, an American official named Howard Latnik argued in favor of introducing tariffs even if this risks bringing stagnation.

At the same time, the official criticized the economic policy of the Biden administration, saying that stagnation threats arose from the actions of the previous U.S. administration. The head of the department suggested that policy choices made earlier contributed to such risks.

Previously, a U.S. leader proposed that Canada could become the 51st state to address shared responsibilities and strengthen bilateral missions.

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