Trumps tradewar concerns the US Federal Reserve System

Different new-sites report that the US Federal Reserve System (Fed) is warning about the long-term impact of Trumps’ dission to go on trade war. A large prolonged trade dispute could hurt business sentiment, investment spending and employment, according to the minutes from the latest meeting of the Fed. Rats would likely rise soon to counter excessive economic strenght.

According to CGTN.COM: ““The trade war has not yet hit American industry fiercely, but would of course bring negative impacts in the long term”, and “Trump doesn’t seem to be aware of this,” according to Daryl Guppy, the president of Australia China Business Council of the Northern Territory.
The Trump administration’s spin for “selling” the tariffs to American firms is “short term pain for long term gain”. But Guppy said American companies would not buy that line.”
According to Reuters: “Federal Reserve officials discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the U.S. central bank’s last policy meeting showed. The Fed, which released the readout from its July 31-Aug. 1 meeting on Wednesday, has been raising rates gradually since 2015 and is now concerned the economy is so strong that inflation could rise persistently above its 2 percent target.
Fed policymakers left rates unchanged at their last meeting, but their discussion made it clear they are considering another rate hike soon. The Fed has raised rates twice this year and is widely expected to tighten policy again next month.”
According to CNNMoney: “Recent tariff increases have already begun to cause higher prices for some businesses, according to Fed officials. Others have reduced or delay investment spending because of uncertainty about future trade policy. Still, some Federal Open Market Committee members noted that most businesses concerned about trade disputes hadn’t cut back their spending or hiring, but “might do so if trade tensions were not resolved soon.”
For now, the central bank is standing by its plan for higher rates as the economy strengthens. The Fed is expected to raise rates twice more this year, starting in September.”