Federal Reserve President Neel Kashkari has indeed expressed concerns about economic uncertainty, citing unresolved tariff issues as a major contributor. Despite a strong start to the year, businesses are delaying investments due to uncertainty surrounding trade policies. Kashkari notes that this uncertainty is impacting investor sentiment, creating market turbulence and making it challenging for businesses to make informed decisions about investments and hiring.

*Key Concerns:*

- *Tariff Uncertainty*: Kashkari highlights that the tariff landscape remains unsettled, leading to a wait-and-see approach among businesses.

- *Business Investment*: Companies are holding off on investments, affecting economic growth and job creation.

- *Investor Confidence*: Kashkari emphasizes that investor confidence is crucial in determining whether debt levels become a problem.

- *Long-term Impact*: He also questions the US' long-term role in the global economy amid current uncertainties ¹.

*Economic Indicators:*

- *Housing Market*: Housing inventory remains tight in most areas, impacting labor availability and employer recruitment.

- *Labor Market*: Labor availability varies by location and industry, with some areas experiencing softening demand.

- *Consumer Spending*: Consumers are pulling back on spending due to uncertainty about tariffs and federal funding ².

*Potential Consequences:*

- *Economic Instability*: Kashkari warns that prolonged uncertainty could lead to economic instability and potential downturns.

- *Confidence Loss*: He emphasizes that resolving trade uncertainty is crucial to restoring confidence and promoting economic growth ³.