Federal Reserve's Barkin: Not in a hurry to cut interest rates, cannot ignore inflation risks brought by tariffs

According to BlockBeats, on June 21st, Federal Reserve Reserve's Balkin stated on Friday that, given the unresolved risk of new import taxes potentially driving up inflation and the strong US job market and consumer spending, there is no rush to cut interest rates. In an interview with Reuters, Barkin pointed out, "I don't think these data will make us rush to cut interest rates... I am very clear that we haven't reached our inflation target for four years Companies in the area where Barkin is located (Richmond) still expect prices to rise later this year as new tariffs take effect, and import tariffs may further increase in the coming months. In addition, he said that the unemployment rate remains low at 4.2% and there seems to be no sign of large-scale layoffs by businesses, which will weaken another goal of the Federal Reserve to maintain maximum employment. Given that the final outcome of the tariffs is still uncertain, Barkin said, "I have to say that the response we must make is still to wait and see. Watching is not putting on the brakes. It's just not putting on the gas pedal." (Kim Ten)