Richard Clarida, former vice-chairperson of the US Federal Reserve, has warned that the battle against inflation is not over. Inflation data since January has indeed been better than expected, but the combination of rising inventories and new tariffs has yet to be fully felt. Richard Clarida pointed out that the effective tariff rate faced by US consumers reached 15.6% in June, the highest since 1937, and could send inflation climbing to the 3% range in the short term. The Fed's last set of forecasts was released at its March meeting, before the "Liberation Day" tariffs shocked markets and global trading partners.
Against this backdrop, Richard Clarida said the real question was whether the Fed still expected to approve two rate cuts this year or cut them to just one.
Former Federal Reserve Vice Chairperson: Fighting inflation is not over yet
2025-06-18 03:24:39
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
前美联储副主席：抗通胀的工作尚未结束Next article：
潘功胜：区块链和分布式账本等新型技术，推动央行数字货币稳定币蓬勃发展
