Federal Reserve (Fed) Board of Governors member Adriana Kugler hit newswires with cautionary comments on Friday that whiplash trade policies could do a lot of damage, including pinning inflation at a persistently higher level.
Key highlights
It is possible that we’ll see more persistent inflation due to policies.
I am paying a lot of attention to inflation expectations.
I don’t expect government job cuts to show up suddenly.
I am watching very closely for any sudden job market changes.
Wage gain moderation has helped lower inflation.
I am not that worried about small uptick in unemployment rate.
The February jobs number was a solid number.
There is a high level of uncertainty around tariffs.
There reason to believe that, potentially, there could be more persistent inflation.
Uncertainty is difficult for all parts of the economy.
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