Dallas Fed President Lorie Logan:
- A lot of uncertainty about tariff pass-through to consumers
- Many companies want to wait and see how tariffs are settled before they pass on higher prices to consumers
- We’ll be looking at the data in summer, into fall before we have a good read
- Fed builds its credibility by explaining to the public its view of the economy and its thinking on policy
- Economic models show tariffs have one-time price effect, but models assume much smaller tariffs
- Watching the data very carefully into the fall
- Must make sure inflation expectations don’t rise
Earlier:
