China rolls out more stimulus and agrees to trade talks with the US as tariffs hit economy

Jerome Powellfed Chair

If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth and an increase in unemployment,

Powell said

The effects on inflation could be short-lived, reflecting a one-time shift in the price level,

he said

Pan Gongshenggovernor

The People's Bank of China will continue to earnestly implement the directives of the Party Central Committee and the State Council, pursue a moderately loose monetary policy, and strengthen the control and adjustment of monetary policy in line with domestic and international economic and financial conditions."

People's Bank of China Governor Pan Gonsheng told reporters