Ex-Fed bank leader: Trump tariffs dramatically raise risk of ‘Smoot-Hawley type outcome’

Apr 7, 2025 - 11:01
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Ex-Fed bank leader: Trump tariffs dramatically raise risk of ‘Smoot-Hawley type outcome’
Former Federal Reserve Bank of St. Louis President James Bullard said early Monday that President Trump’s tariffs could risk severely worsening the economy, in a way that mirrors the consequences of the protectionist trade measures put in place in the early days of the Great Depression. “The main thing is that this has dramatically raised…

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