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Investing.com -- Minneapolis Federal Reserve Bank President Neel Kashkari said the central bank is taking time to assess how potential tariffs might impact inflation before making policy changes.
Speaking to the La Crosse, Wisconsin Area Chamber of Commerce on Tuesday, Kashkari noted that while recent inflation data suggests disinflation is occurring, the Fed needs more clarity about tariffs’ potential effects.
"The Federal Reserve has basically been in wait and see mode, saying we need to get more clarity on how this is all playing out in the economy before we are confident on what tariffs are going to do to inflation," Kashkari told the chamber.
He added that the central bank is being deliberate in its approach, stating, "We’ve been taking our time to try to get a sense of what’s really going on before we make any dramatic changes in our policy outlook."
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