The governor of the Fed, Lisa Cook, hopes that progress in inflation stamped behind tariffs

The member of the Board of Governors of the Federal Reserve (FED), Lisa Cook, joined on Thursday to the growing number of central policy planners to warn that tariffs will probably move away from the Fed from the cuts of fees instead of bringing it closer, as inflation risks increase.

Key quotes

  • It is appropriate to maintain the current policy for now while the data is observed.
  • Fed’s policy is well positioned to respond to changes in the economy.
  • Now is the time for Fed to be patient but attentive.
  • Uncertainty related to tariffs could cause a weakening of the economy.
  • The reduction of uncertainty and decreased inflation would facilitate fees.
  • The economy has entered a period of uncertainty.
  • Inflation data are already showing the impact of tariffs.
  • It is encouraging that inflation has moderated in the midst of solid growth and a healthy labor market.
  • At this time, the economy is in a solid position.
  • I am observing evidence of problems in long -term inflation expectations.
  • Uncertainty is increased by economic perspectives and changes in government policy.
  • I am observing evidence that tariffs are promoting a persistent increase in price pressures.
  • I see more emphasis on the risks of upward inflation.
  • I see more evidence of deceleration in consumer spending and business investment.

Source: Fx Street

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