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flag Fed Governor warns Trump's tariffs could trigger a recession, as economists lower growth forecasts.

flag Federal Reserve Governor Christopher Waller warns that Trump's tariff policies pose a significant risk to the U.S. economy, potentially leading to a recession. flag Waller argues that tariffs are a major shock to the economy, slowing growth and reducing spending. flag Former Treasury Secretary Larry Summers also warns of a possible recession, predicting a potential 2% rise in unemployment and a $1 trillion drop in GDP. flag Despite these concerns, markets show slight improvement as tariff tensions ease temporarily. flag Economists are lowering their growth forecasts and raising inflation expectations due to ongoing trade tensions.

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