Opinion: U.S. trade uncertainty will keep the Fed on its toes

Odaily Odaily report: According to Neil Shearing, chief economist at Capital Economics, the uncertainty surrounding the trade policy of the United States under the leadership of Trump will have an impact on the real world, which is most evident in the Federal Reserve. In a report, he said that the Federal Reserve may face a once-in-a-century tariff price shock, or it may be a case of much ado about nothing. However, this uncertainty may be enough to keep Federal Reserve officials on the sidelines in the coming months. He said that if high tariffs are ultimately implemented, the resulting rise in inflation will prevent further easing of policy by 2025. Shearing said, "A lot depends on the whims of one person." (JinShi)