Chris Waller: Even if tariffs push up inflation, there is still a tendency to lower interest rates this year

Odaily Planet Daily News: Nick Timiraos, the spokesperson for the Federal Reserve, reported that Federal Reserve Governor Chris Waller said that compared to other colleagues, he is still more confident that the inflationary impact of tariffs is temporary and inflation expectations will remain anchored. He pointed out that although some surveys show that consumers expect inflation to rise, the current labor market is not overheated, and workers lack sufficient bargaining power to drive wage increases. He said, "I think compared to the past few years, workers now don't have much bargaining chip to demand a raise, but are more worried about keeping their jobs Therefore, even if the labor market conditions are still favorable, he still tends to "see through" the inflation caused by tariffs and supports the baseline expectation of interest rate cuts this year.