Trump tariffs could lead to a summer drop-off in economic activity after an 'artificially high' start, Chicago Fed chief says

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  Posted by Two Blokes Apr 20 - Filed in General - #TwoBlokesTrading  - 4 views
  
  Chicago Fed President Austan Goolsbee said Sunday that President Donald Trump's tariffs are causing U.S. business owners to stock up on inventories. "Preemptive purchasing" by businesses, as well as consumers, of big-ticket items at pre-tariff prices may cause an "artificially high" level of economic activity, the central banker said.