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The trade war flames have not been extinguished, when will the economic time bomb explode?
Behind Kugler's recent "warning" lies the Federal Reserve's ultimate concern for the lifeblood of the American economy — the next wave of inflation may be lurking in the shadows of the tariff bill!
Federal Reserve Governor Kugler "fired a shot" on Monday: Trump's tariffs can be described as an economic "chronic poison"! She issued a heavy warning — even if tariffs do not rise temporarily, the current average tax rate in the U.S. has already soared to a nearly 30-year peak, equivalent to pouring "gasoline on the fire" for prices and "slamming the brakes" on economic growth! More painfully, she bluntly stated: "Even if tariffs are adjusted back to the beginning of the year level, inflation will still be pushed along, corporate costs will be passed on to consumers, and ordinary people's wallets will eventually suffer!"
