The Federal Reserve (FED) Bullard: Tariffs will start to push up inflation.

On June 26, Jin10 reported that Federal Reserve official Barkin stated on Thursday that tariffs are likely to increase inflation in the coming months. Barkin said, “I do believe that prices will face pressure.” When discussing tariffs and their impact on price pressure, he stated, “So far, these increases have not had a significant impact on measuring inflation, but I expect more pressure to come.” However, he noted that the anticipated impact on inflation will not be as severe as what has just been experienced, and there are signs that consumers will try to forgo goods subject to the tariffs. Barkin pointed out that the Federal Reserve faces risks in both its employment and inflation mandates. He said, “Given the strength of the economy today, we have time to patiently track developments and allow visibility to improve. We are prepared to address any demands of the economy. As for the current economic situation, things look quite good.”