Story perspectives
Fed's Waller: Tariffs Spark Inflation, Rate Cuts Possible
2/18/2025
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Story summary
- Federal Reserve Governor Christopher Waller noted that Trump's tariffs will have a modest inflation impact.
- He advocates for possible interest rate cuts later this year, contingent on 2024 inflation trends.
- Waller stressed the importance of maintaining steady rates until clearer economic progress is evident.
- There are ongoing concerns about tariffs raising consumer prices and hindering U.S. economic growth.
