Federal Reserve Governor Christopher Waller said large, broadly applied tariffs could significantly affect the economy and the Federal Open Market Committee's pursuit of economic objectives.
Details: Speaking in St. Louis, Waller also said:
If tariffs are reduced, rate cuts are very much on the table in the latter half of this year.
Inflation has had a bumpy path down toward the Fed’s 2% goal, but last week’s consumer price index data was encouraging.
