According to Jin Shi data, Federal Reserve's Barkin stated that due to the new import taxes potentially raising inflation risks, and with the U.S. job market and consumer spending remaining strong, there is no rush to cut interest rates. He pointed out that the U.S. has not reached its inflation target for four years.
Barkin of the Richmond area expects that as the new tariffs take effect, prices will rise later this year, and import tariffs may further increase in the coming months. The unemployment rate remains low at 4.2%, with no signs of large-scale layoffs from businesses.
Barkin stated that the final outcome of the tariffs is uncertain, and the Federal Reserve's response is still cautious; being cautious does not mean hitting the brakes, but rather not pressing the accelerator.