The Fed faces two potential economic crises. It can prioritize just one
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The Fed faces two potential economic crises. It can prioritize just one
President Donald Trump’s sweeping economic agenda is putting the Federal Reserve in a difficult situation it hasn’t confronted in decades. The topic is front and center for central bank officials as they convene for their two-day policy meeting this week.Trump has plunged the United States into an erratic trade war that threatens higher inflation and rising unemployment. The Fed may now have to choose between saving jobs or fighting inflation. If it lowers rates to guard against an economic downturn from Trump’s tariffs, that could potentially push up inflation. Yet if it raises rates to discourage a potential surge in ..