Reported 1 day ago
Federal Reserve governor Adriana Kugler cautioned about potential higher inflation due to tariffs and supported keeping interest rates unchanged for now. She highlighted risks associated with rising tariffs, which could lead to increased prices and long-term inflation effects, while the Fed maintains its current monetary policy ahead of its upcoming meeting in June. Kansas City Fed president Jeff Schmid echoed concerns about inflationary pressures from tariffs and emphasized the need for vigilance.
Source: YAHOO