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Musallam: Tariff substitution will not change the outlook on economic prospects
Mars Finance reports that, according to Jintou, FOMC voting member and St. Louis Fed President James Bullard stated in an interview with Fox Business that if the Trump administration maintains most tariffs through other means, his outlook on the economy would not change significantly. He also mentioned wanting to know whether companies will receive tariff refunds and the amount of those refunds. Regarding the possibility of a rate cut this year, Bullard said that the Federal Reserve’s benchmark interest rate is currently at or below the “neutral rate” level.