🩸 Shocking statements from the Federal Reserve.. Trump's tariffs will cause recession.. and a statement about interest rates

🩸Federal Reserve Bank of Minneapolis President Neel Kashkari warned on Monday that supply chain shocks caused by the tariffs imposed by President Donald Trump will lead to rising inflation and weakened growth - creating a stagflation scenario.

🩸Kashkari said in an interview with Bloomberg TV that the Federal Reserve is unlikely to have enough clarity to change interest rates by September, and that the central bank needs to see more trade deals.

🩸"Uncertainty is something we deal with at the Fed, as we try to determine the direction of inflation and the labor market," Kashkari told Bloomberg.

🩸He warned that the impact of the tariffs has not yet been felt by American consumers, and that the effects of Trump's trade tariffs are likely to be stagflationary.