Federal Reserve officials are expressing concerns about the potential inflationary impact of tariffs. Governor Kugler anticipates larger price increases due to President Trump’s tariffs in 2025, supporting steady interest rates if inflation risks persist. Presidents Schmid and Harker also highlighted the unsettling economic outlook and potential for tariff-driven price pressures.
Banks propose ‘Yes-No’ prompt for high-risk UPI transfers to curb digital payment frauds
Indian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digital payment convenience. Banks suggest