Tariff increases significantly larger than previously expected
Supports holding policy rate steady as long as upside risks to inflation continue, while economic activity and employment remain stable
If financial markets tighten persistently, could weigh on future growth
Inflation progress has slowed, remains above 2% goal
Longer-term inflation expectations largely well-anchored, hopes they remain so
Tariffs likely to put upward pressure on prices
Kugler's speech appears to have been prepared before Trump's latest flip flop on policy:
Trump backing away from tariffs, backing away from firing Powell - will it last?Trump says he has no plans to Fire Federal Reserve Chair PowellTrump says he is going to be very nice to China, they have to make a deal This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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