Fed Eyes Rate Cuts Amid Tariff Inflation, Says Waller

Imagine the US might put extra taxes on things coming into the country, which could make prices go up a bit.

A top official named Christopher Waller from the US Federal Reserve, thinks these price changes from tariffs won't last.

He says the Fed might lower interest rates later in the year.

He also warns that the tariffs could slow down the economy, possibly causing job losses and less spending.

He believes that it's different from the earlier pandemic.

Waller also mentioned that people from other countries are buying less US government debt.