Federal Reserve's Waller Discusses Impact of New Tariff Policies on U.S. Economy

According to BlockBeats, Federal Reserve Governor Christopher Waller stated that the new tariff policies represent one of the most significant impacts on the U.S. economy in decades. If the current average tariff rate of 25% persists for some time, inflation could peak at nearly 5%. Should the rate decrease to 10%, inflation might peak at 3%. In scenarios involving large-scale tariffs, Waller indicated a personal inclination towards earlier and more substantial interest rate cuts if there is a notable economic slowdown. Conversely, in situations with smaller tariffs, the Federal Reserve might adopt a more patient approach, potentially implementing rate cuts in the latter half of the year.