Federal Reserve Board Member: Tariffs may lead to an economic environment similar to stagflation

BlockBeats News: On June 4th, Federal Reserve Governor Cook stated that due to tariff measures, inflation is expected to rise and economic activity will slow down. Tariffs may lead to an economic environment similar to stagflation. Tariffs may pose a challenge to the mission of the Federal Reserve, but the development of the situation still needs to be observed. (Golden Ten)