- Tariffs will push up inflation pressures
- Tariff announcements are very significant
- Hard to invest in times of big uncertainty
- Modal view is for slower growth, not a downturn
- Would expect inflation ‘well over 3%’ this year due to tariffs
- At this point the expectation is the Fed will need to hold for longer
- Sees a mixed bag on longer-run inflation expectations
This is the most-clearly I’ve heard a Fed official spell it out. She is a voter this year too.
This article was written by Adam Button at www.forexlive.com.