Federal Reserve Governor Kugler still believes that tariffs will have a significant impact

Odaily Planet Daily News: Federal Reserve Governor Kugler said on Monday that the Trump administration's tariff policies may push up inflation and drag down economic growth, even after lowering tariffs. Kugler said, "Trade policies are evolving and may continue to change, even this morning. However, even if tariffs remain near the currently announced levels, they seem to have significant economic impacts." Kugler pointed out that the average tariff rate in the United States is still much higher than decades ago. She added, "If tariffs remain much higher than earlier this year, the impact on the economy will not change, including pushing up inflation and reducing economic growth