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DWS: No Evident Direction for US Fiscal Spending & Tariff Policy Yet
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After the Federal Reserve maintained interest rates in the 4.25-4.5% range, it took note that uncertainty in the economic outlook further escalates and risks to unemployment and inflation are rising. DWS Chief U.S. Economist Christian Scherrmann commented that Fed Chair Jerome Powell reiterated the Fed’s stance of not intending to adjust monetary policy hastily, while stating that it will respond as market conditions require. Maintaining current tariff policies could lead to higher inflation, slower economic growth, and rising unemployment, the economist said. In other words, Powell reaffirmed the Fed’s prior position, as the two key factors influencing monetary policy - fiscal spending and tariffs - remain unclear. AAStocks Financial News |
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