Federal Reserve Barkin: Current data shows no urgent reason to cut interest rates

The Federal Reserve's Barkin said that the current data shows no urgent reason to cut interest rates, the job market and consumption remain strong, and it is not yet clear the final direction of trade policy, nor how it will affect prices and employment; Businesses expect to raise prices later this year as more higher-priced imports have entered their inventories; Businesses not affected by tariffs see the chaos of trade policy as an opportunity to raise prices.