Trump’s Tariff Playbook, the Fed’s Dilemma, and the Risk of Undermining Market Confidence: Key Takeaways from Citi’s Nathan Sheets

In a wide-ranging interview with Bloomberg, Nathan Sheets, Global Chief Economist at Citi Research and former Under Secretary of the U.S. Treasury for International Affairs, offered a nuanced assessment of the U.S. economic outlook under the continued influence of Trump-era trade policies and political pressure on the Federal Reserve.

I tend to find most CNBC and Bloomberg interviews to be little insightful, but Sheet’s commentary cuts through the noise and highlights several structural risks that investors and policymakers should not ignore.