Ex-NY Fed President: expecting 100 bps rate cut is naive, Powell won't clean up Trump's tariff mess
Deep Tide TechFlow news, April 7, according to Golden Ten Data reported, the Trump administration imposed epic tariffs on most of the world's imports, the Federal Reserve is afraid to be unable to resolve. Bill Dudley, the Fed's ‘former hawk king’ and former New York Fed president, warned that the market's expectation of a rate cut of more than 100 basis points this year was ‘naive’ and could only be realised by a full-blown recession in the US economy. The next six months inflation or punch 5%, economic growth is afraid of cutting to 1%, the Fed will be caught in the ‘interest rate hikes accelerate recession, interest rate cuts deteriorate inflation,’ the dilemma of the dilemma. Don't expect the Fed can save the tariffs dragged down the U.S. economy, now the only question is ‘how deep will the damage be’.
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