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) ——– More on Bloomberg Television and Markets