Fed's Daly Sees Fading Tariff Impact on Inflation
San Francisco Fed President Mary Daly noted early indications that the inflationary effect of tariffs is beginning to wane, even as they have clearly pushed prices higher.
Federal Reserve Bank of San Francisco President Mary Daly said on Thursday that tariffs have had a clear impact on inflation. However, she pointed to early signs that this effect is starting to fade.
Daly did not offer a timeline or specify which indicators she was referencing. The remarks were part of broader public comments that touched on the inflation outlook.
The comments come as markets weigh the persistence of trade-related price pressures and the implications for monetary policy.
Source: FXStreet Forex News