Federal Reserve Board Member Says U.S. Tariff Policy Will Be the Main Driver of Rising Inflation
Federal Reserve Board member Chris Waller stated on the 2nd that tariff policy will become a major factor driving up inflation in the United States, with its impact on inflation likely to become most evident in the second half of this year. Waller pointed out that there is considerable uncertainty in U.S. trade policy, and higher tariffs will reduce consumer spending and disrupt business operations.
According to the latest data released by the U.S. Department of Commerce, personal consumption expenditures in the U.S. rose by 0.2% in April, a significant slowdown from 0.7% in March. U.S. media reported that the slowdown in personal consumption expenditures is mainly due to increased economic uncertainty brought about by the constantly changing tariff policy.