Fed Governor Christopher Waller emphasized that he still believes tariffs will only cause a one-time price increase, and added that according to Reuters, "the Fed's standard strategy is to ignore one-time price impacts":

Fed Governor Christopher Waller:

– "The market is monitoring fiscal policy and there are many concerns."

– "The market is expecting higher fiscal discipline."

– "The Fed will not buy bonds in primary auction sessions."

– "Hard data shows the economy is performing quite well, and there is currently no clear impact from tariffs."

– "If tariffs are around 10%, the economy will still be fine in the second half of the year."

– "If tariffs stabilize again, the Fed may be in a position to cut interest rates by the end of the year."

– "I am much more optimistic than last month regarding tariffs."

– "I really hope the path that the current administration is taking is the right one."

– "Businesses are pausing plans but not canceling them."

– "Not seeing many signs that tariffs will cause prolonged inflation."