Kashkari: Tariffs will lead to uncontrollable inflation expectations, and no longer having a trade deficit means the United States is no longer the best place for investment.

Jin10 data April 23 news, Federal Reserve Kashkari (non-voting member) said when talking about the economic outlook that tariffs have contributed to inflation to some extent and may also lead to a slowdown in economic growth. Logically, tariffs would cause a one-time price rise, but he is concerned that against a backdrop of already high inflation, tariffs could cause inflation expectations to spiral out of control. Kashkari said the Federal Reserve's job is to ensure that tariffs do not lead to long-term inflation, and it is still too early to judge what is happening. He also stated that the absence of a trade deficit means that investors must conclude that the United States is no longer the best investment location, and the fluctuations in bond yields and the dollar indicate that global investors have reassessed their investment direction. Kashkari hopes that the United States will maintain its dominant position in the global economy and keep the dollar as the global reserve currency.