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The Federal Reserve's Barr : The foundation of the U.S. economy is solid, and the inflation rate is expected to drop to 2%.
Golden finance reports that The Federal Reserve's Bullard stated: The foundation of the U.S. economy is solid, and inflation is expected to drop to 2%, but the uncertainty of trade policy has affected the outlook. Trade shocks may have particularly severe impacts on small businesses and could trigger price rises in the event of disruptions in the Supply Chain or business closures.