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International Business Times

Business

US Tariffs Unlikely To Have 'Significant' Inflation Impact: Fed Official

Donald Trump Christopher Waller United States Inflation US Federal Reserve OECD

Fed governor Christopher Waller, seen in 2020, told the OECD in Paris that he still believes cuts will likely be 'appropriate' in 2025 (Credit: AFP)

The effect of new tariffs under consideration by US President-elect Donald Trump is unlikely to be "significant or persistent," a senior Federal Reserve official said Wednesday.

Trump has floated several proposals, including a plan for sweeping tariffs on all goods entering the United States -- drawing criticism from many economists concerned about possible negative ripple effects.

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