San Francisco Fed President Mary Daly cautions that tariff-related inflation is contained to goods, with services inflation and expectations remaining near the Federal Reserve’s target.
San Francisco Federal Reserve President Mary Daly stated that the U.S. economy could experience weak demand, while any inflation arising from tariffs is mostly limited to goods and remains controlled. She emphasized that the effect has not significantly extended to services inflation or public inflation expectations, both of which remain close to the central bank’s target.