If this process leads to a world of higher tariffs on a wide range of goods and services that are traded and those are sustained for a longer period of time--in other words, if it results in a more protectionist world, that will be bad for our economy.
Powell warns about the negative consequences of sustained higher tariffs.
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We do not take into account the fortunes of any political party or politician.
The outlook for employment and inflation does not appear to have changed much since our September meeting
Rising downside risks to employment have shifted our assessment of the balance of risks
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