Federal Reserve's Gulsby warns: latest tariff threat may delay rate cut process

According to a report by Golden Finance, Chicago Fed Chairman Goolsby stated that the latest tariff measures announced by US President Trump have once again undermined the inflation outlook, making it more difficult for him to support Trump's strongly advocated interest rate cut policy. Gulsby revealed in an interview on Friday that in the past few months, concerns about tariffs pushing up prices have significantly eased due to Trump's suspension of the high bilateral tariff plan proposed in April, which had paved the way for the Federal Reserve to cut interest rates again soon. But the latest round of tariffs, including a 35% tariff on some Canadian imports and a 50% tariff on Brazilian goods starting from August 1st, may reignite inflation concerns and force the Federal Reserve to maintain a wait-and-see attitude until the situation becomes clear. I hope the business community will not give feedback that 'this brings us back to the situation on April 3rd,' but it is still difficult to determine the extent of the impact, "he admitted.