President Trump’s tariff policies have rattled financial markets and sparked high levels of uncertainty over the future of the U.S. economy, resulting in recession fears. Trump has pledged that these trade policies will bring manufacturing back to the U.S., but has recently shown signs of de-escalating some tariffs, including the 145% tariff on China.

WSJ spoke with four chief economists—from JPMorgan, Moody’s, KPMG and the Economist Intelligence Unit—to lay out their forecasts for a potential recession, increased inflation and the Fed’s path forward.

Chapters:
0:00 Uncertainty over the U.S. economy
0:39 Recession odds
2:36 Inflation
4:12 The Fed, stagflation and labor market
5:01 What’s next?

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