Jin10 data, as of June 25th, The Federal Reserve (FED) Kashkari said that despite the recent inflation data being "quite positive," The Federal Reserve (FED) still needs further clarity on how tariffs will affect prices before adjusting its policies. "Over the past two to three months, we have seen quite positive inflation data, which indicates that the anti-inflation path I described has been on the right track," Kashkari said on Tuesday. "But we clearly have not seen the full impact of tariffs, so we have been slowly assessing the situation and then making any significant changes to our policy outlook." Although some Federal Reserve (FED) officials have said they support a rate cut as early as July, Federal Reserve (FED) Chairman Powell said earlier on Tuesday to lawmakers in Congress that the Federal Reserve (FED) is not in a hurry to cut interest rates because he and his colleagues are waiting for the economy to respond to various new policies, including tariffs.
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The Federal Reserve (FED) Kashkari: The Federal Reserve (FED) still needs to further clarify the impact of tariffs
Jin10 data, as of June 25th, The Federal Reserve (FED) Kashkari said that despite the recent inflation data being "quite positive," The Federal Reserve (FED) still needs further clarity on how tariffs will affect prices before adjusting its policies. "Over the past two to three months, we have seen quite positive inflation data, which indicates that the anti-inflation path I described has been on the right track," Kashkari said on Tuesday. "But we clearly have not seen the full impact of tariffs, so we have been slowly assessing the situation and then making any significant changes to our policy outlook." Although some Federal Reserve (FED) officials have said they support a rate cut as early as July, Federal Reserve (FED) Chairman Powell said earlier on Tuesday to lawmakers in Congress that the Federal Reserve (FED) is not in a hurry to cut interest rates because he and his colleagues are waiting for the economy to respond to various new policies, including tariffs.