Federal Reserve's Kashkari: The risk of economic recession depends on the progress of trade agreements.

According to Jin10 data on April 14, Federal Reserve’s Kashkari stated on Sunday that whether an economic recession will arise from President Trump’s trade war will depend on whether the uncertainty with major trading partners can be “resolved quickly.” He pointed out that the recent decline in consumer confidence is also concerning. He said, “This is the biggest blow to confidence that I can recall in my 10 years at the Federal Reserve, apart from the initial outbreak of the pandemic in March 2020. Therefore, when confidence is hit like this, it can have a significant impact on the economy.”