Federal Reserve's Gulsby: Tariffs may trigger dual contraction of consumption and investment

According to BlockBeats, on April 2nd, the Federal Reserve's Gulsby stated that if consumers stop spending due to uncertainty or businesses pause investments, the economy will fall into chaos. In theory, the impact of tariffs on prices should be temporary, but considering factors such as retaliatory tariffs and intermediate goods taxation, the actual impact may be more lasting. Gulsby emphasized that despite surveys showing that business and consumer confidence had "almost hit rock bottom," physical data still indicated robust economic growth in the United States. He maintains his previous judgment and expects a rate cut in the next 12 to 18 months. (Golden Ten)