Speech by Governor Waller on the economic outlook, full text here:
The Effects of Tariffs on the Three I’s: Inflation, Inflation Persistence, and Inflation Expectations‘Good news’ rate cuts remain possible later this yearRate cut view rests on easing inflation, tariffs on lower end of rangeStrong economy through April gives Fed time to see how trade shakes outTariffs likely to create one-time price increase Fed can look throughConsiderable uncertainty still surrounds trade policy outlookSees downside risk to economy, job market, upside risk to inflationTariffs to be main driver of inflation this yearTariffs will drive up unemployment which will likely lingerTariff inflation impact likely greatest in second half of 202501 Jun 2025 08:00:00 PM – Fed’s Waller says he is most attentive to market and forecaster views on inflationDoesn’t see real world issues with expected path of inflationSome of modest sized tariff regime will not be passed along This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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