According to Odaily Planet Daily, Federal Reserve's Barr stated that the fundamentals of the U.S. economy are solid, but tariff-related supply chain disruptions could lead to a slowdown in economic growth and rising inflation. Barr emphasized the importance of small businesses in the supply chain and the overall economy, noting that trade policies have increased uncertainty. The supply chain disruptions faced by small businesses are particularly severe, partly due to limited credit opportunities. The specialized inputs provided by small businesses are not easily obtainable from other sources, and business closures could further disrupt the supply chain.