Governor Waller Discusses Economic Outlook

Governor Waller discusses the U.S. economic outlook, emphasizing that tariff-induced inflation is likely temporary and will not be persistent, provided long-term inflation expectations remain anchored. He highlights the impact of trade policy uncertainty, the resilience of the labor market, and the divergence between household and market-based inflation expectations, concluding that current data supports a cautious approach to rate hikes and potential rate cuts later in the year.