According to ChainCatcher, Federal Reserve's Barkin stated that the financial strain on middle- and low-income consumers may suppress consumer spending and lessen the inflationary effects of tariffs. He pointed out that consumers may accept price increases for certain essential goods, but they will also resist price hikes by downgrading their consumption or delaying purchases. Barkin expects that future inflation will be milder than anticipated, as consumers are currently feeling financially strained and must budget carefully.