University of California Professor of Political Science Louis DeSipio claims the Federal Reserve Board in the US has huge concerns about President Donald Trump’s new bill and his imposed tariffs on the economy.
“The short-term concern is the tariffs because they will raise the cost of products in the United States … and they’re unpredictable,” Mr DeSipio told Sky News Australia.
“In the longer term, the Fed is of course concerned about the fact that the Big Beautiful Bill will increase the national debt by somewhere between $3-4 trillion.
“The Fed will have trouble borrowing that money when it needs to.”