Fed's Kugler says will have to wait to assess the inflation impact of tariffs

Federal Reserve Board Governor Adriana Kugler spoke on "Navigating Inflation Waves While Riding on the Phillips Curve" earlier:

• Fed's Kugler says Fed Funds rate is moderately restrictive

Then, Q&A followed:

• Fed's Kugler says she thinks the Fed should not cut interest rates again for some time

More now:

• There is currently a lot of uncertainty about the potential effect of Trump's tariffs
• Looking at potential scenarios on tariff impacts
• Tariffs could put up price pressures, but the extent is much less known
• It is unknown how much tariffs will be passed through to consumers as higher prices
• To assess tariff effects, "we have to wait"

Higher inflation man