Reported about 7 hours ago
Federal Reserve Governor Adriana Kugler expressed concerns over the difficulty in gauging the underlying strength of the U.S. economy due to fluctuating trade policies and their impact on imports. Following the U.S. and China's agreement to pause punitive tariffs for 90 days, Kugler noted that while rising tariffs are likely to lead to higher prices and slower growth, the extent remains uncertain. The Fed plans to maintain its interest rates until there is clearer economic direction, highlighting ongoing uncertainty and potential impacts on consumer behavior.
Source: YAHOO