The Federal Reserve's Barr: Supply Chain disruptions may lead to inflation rise

[The Federal Reserve (FED) Bullard: Supply Chain Disruptions May Lead to Inflation Rise] The Federal Reserve (FED) Bullard stated that the foundation of the U.S. economy is solid, but he warned that tariff-related supply chain disruptions could lead to a slowdown in economic growth and an inflation rise. Bullard emphasized the importance of small businesses and their role in the supply chain and the overall economy. He noted that trade policies have cast a shadow over the outlook and increased uncertainty. For small businesses, potential supply chain disruptions are "especially severe," partly because they have fewer opportunities to access credit. He added that small businesses typically provide specialized inputs that are not easily obtained elsewhere, and business closures could further disrupt the supply chain.