A dovish Federal Reserve can use tools such as rate cuts to lessen the damage of America's tariff skirmishes with China and Mexico, but it is either limited in its effectiveness or in its motivations, economists said.
to support the economy, amid increasing expectations for multiple Fed rate cuts this year.
Also speaking to CNBC at the IIF Spring Membership Meeting, Robin Brooks, chief economist at the Institute of International Finance, added: "There are some warning signs ... we are worried about . All these geopolitical, tariffs, sanctions, trade risks are really damaging to emerging markets, and a dovish Fed isn't enough to offset those."
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