Reported about 12 hours ago
Fed Governor Michael Barr indicated that higher tariffs are likely to drive prices up, suggesting inflation may not be temporary. He noted that despite some gradual progress towards the 2% inflation target, he is not in a hurry to cut interest rates. Barr highlighted the potential trade-offs of monetary policy, acknowledging uncertainty regarding the effects of tariff policies on the economy and unemployment, which currently stands at 4.2%.
Source: YAHOO