New York Federal Reserve Gov. Adriana Kugler said there is likely a greater price increase related to President Donald Trump’s tariffs, and that she supports stabilizing interest rates if there is a risk of rising inflation remaining. “Disinfection is slower and we are already seeing the impact of higher tariffs. We expect this to continue to raise inflation over 2025,” Kugler said Thursday. “There is a significant risk of inflation at this point, showing the risk of potential drawbacks to employment and growth.”
An uncomfortable schmidt with a tariff-driven price push
Kansas City Federal Reserve Bank Chairman Jeff Schmidt has expressed concern that tariffs could rekindle inflation, and said upward price pressures could be revealed in the coming months, but it has been much less known. Harker says Outlook is unstable, but the economy is resilient
Philadelphia Federal Reserve President Patrick Harker said on Thursday that the economic outlook is too volatile for now to say what’s next for monetary policy. “The American economy remains resilient,” Harker said in a prepared speech text. “We don’t see any dangerous cracks in the foundation. But there is a stressor on this foundation.”
