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Federal Reserve Governor Quarles: Tariff Impact Beginning to Transmit, No Rate Cut Appropriate

Summary: In a recent statement, Federal Reserve Governor Quarles indicated that the Federal Reserve should not cut interest rates 'for a period of time' as the impact of the Trump administration's tariffs is beginning to transmit to consumer prices, necessitating a tightening monetary policy to control inflation expectations.

In a recent statement, Federal Reserve Governor Quarles indicated that the Federal Reserve should not cut interest rates 'for a period of time' as the impact of the Trump administration's tariffs is beginning to transmit to consumer prices, necessitating a tightening monetary policy to control inflation expectations.

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