BlockBeats news, on May 16, Federal Reserve official Barr stated that the fundamentals of the U.S. economy are solid, but he warned that tariff-related supply chain disruptions could lead to slower economic growth and rising inflation. Barr emphasized the importance of small businesses and their role in the supply chain and the overall economy.
He stated that trade policy casts a shadow over the outlook and increases uncertainty. For small businesses, potential supply chain disruptions are 'especially severe,' in part because they have less access to credit. He added that small businesses often provide specialized inputs that are difficult to obtain elsewhere, and business closures could further disrupt the supply chain. (Jin Shi)