Federal Reserve official: If Trump's high tariffs cause unemployment to soar, they will support interest rate cuts

US Federal Reserve Governor Christopher Waller warned on the same day that the trade war sparked by US President Donald Trump could soon lead to higher unemployment. It is reported that the current employment situation in the United States is already at risk because other countries have imposed retaliatory tariffs on US goods. If foreign customers reduce orders, some export-dependent industries in the United States may be forced to lay off workers. Waller said that if the tariffs remain in place, there will be no significant impact on the US economy until July. If the Trump administration resumes aggressive tariff levels, companies may start to lay off workers, and if the unemployment rate rises sharply, he will support interest rate cuts. Waller stressed that he expects more interest rate cuts soon in the event of a serious deterioration in the labor market.