Trump Tariffs: Why BOE Rate-Setter Megan Greene Sees Disinflation Risk

Bank of England Monetary Policy Committee Member Megan Greene discusses the outlook for inflation, currency-market uncertainty and the impact of US President Donald Trump's trade policies on the UK economy. “I think that the tariffs actually represent more of a disinflationary risk than an inflationary risk,” Greene says on Bloomberg Television. She also comments on central bank independence amid concern that Trump could fire Federal Reserve Chair Jerome Powell.

00:00 Market pricing of BOE rate cuts; inflation and disinflation
02:09 Dollar's fall (USD): impact on pound (GBP) and wider currency markets
04:11 UK employer tax rise (VAT): impact on businesses and labor market
06:39 Unemployment, wage growth and services inflation
08:33 Market volatility, US policy (Fed) uncertainty, tariffs and disinflation
10:17 Neutral interest rate rate is higher than where it was
12:10 Policy volatility amid tariffs; central bank independence (Powell)

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