BlockBeats news, on May 12, Federal Reserve Board member Kugler stated on Monday that the tariff policy of the Trump administration could push up inflation and hinder economic growth, even after tariffs are lowered. Kugler noted, 'Trade policy is evolving and may continue to change, even as recently as this morning. However, even if tariffs remain around the currently announced levels, they seem likely to have significant economic impacts.'
Kugler pointed out that the current average tariff rate in the United States is still much higher than it has been for decades. She added, 'If tariffs remain significantly higher than they were earlier this year, the impact on the economy will not change, including pushing up inflation and reducing economic growth.' (Jin Shi)
