Fed’s Kashkari nervous that trade policy uncertainty will lead to layoffs

Neel Kashkari highlighted that ongoing uncertainty over U.S. Trade policy has him “nervous” about potential layoffs in businesses. He noted that companies are beginning to prepare for layoffs if these uncertainties continue.

Kashkari emphasized that resolving trade disputes with major trading partners could alleviate the uncertainty faced by businesses and citizens alike. He warned that widespread nervousness could significantly hinder economic growth.