Federal Reserve officials won’t say how former President Donald Trump winning a second term could impact the economy. Actually, the Fed prides itself on avoiding even the suggestion that it is wading into politics. But transcripts of closed-door Fed meetings from Trump’s first term give some clues about top economists’ true feelings about Trump’s economic agenda.
If voted into office in the November US presidential election, Trump has promised to impose sweeping tariffs of at least 10% on all foreign imports, up to 60% for some Chinese products, and levies as high as
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