Former Vice Chairman of the Federal Reserve: Anti inflation efforts are not yet over

BlockBeats News: On June 18th, former Federal Reserve Vice Chairman Richard Clarida warned that the battle against inflation is not yet over. Since January, inflation data has indeed been better than expected, but the combined effect of inventory shifting and new tariffs has not yet fully manifested. Richard Clarida pointed out that the actual tariff rate faced by American consumers in June has reached 15.6%, a new high since 1937, which may cause inflation to climb to the 3% range in the short term. The previous set of predictions by the Federal Reserve was released at a meeting in March this year, when the "Liberation Day" tariffs had not yet shocked the market and global trading partners. In this context, Richard Clarida stated that the real question is whether the Federal Reserve still expects to approve two interest rate cuts this year, or will it lower it to just one cut. (Golden Ten)