美联储巴尔：关税推高通胀放缓经济，美联储恐陷入困境

Core Viewpoint - The Federal Reserve's Bal believes that Trump's trade policies may lead to increased inflation, reduced economic growth, and higher unemployment later this year, presenting a challenging decision for policymakers [1] Group 1: Economic Impact - Recent tariff increases are unprecedented in scale and scope, and their ultimate impact on the economy remains uncertain [1] - Higher tariffs could disrupt global supply chains and exert persistent upward pressure on inflation [1] - Businesses require time to adjust their distribution networks, and some suppliers, particularly small businesses, may not adapt quickly enough, potentially leading to closures and exacerbating supply chain disruptions [1] Group 2: Employment Concerns - There are concerns that as the economy slows, tariffs could lead to rising unemployment rates [1] - If both inflation and unemployment rise simultaneously, the Federal Reserve may find itself in a difficult position [1]