Fed Governor Downplays Supreme Court Tariff Ruling's Impact
A top Federal Reserve official says the recent Supreme Court ruling on tariffs is unlikely to significantly change the central bank's interest rate outlook amid ongoing trade uncertainty.
Christopher J. Waller, a governor at the Federal Reserve, on Monday acknowledged the extreme uncertainty around President Trump's tariffs. However, Waller indicated that the Supreme Court's ruling against the president's ability to impose tariffs without congressional approval is unlikely to have a major impact on the central bank's interest rate decision-making.
Waller, who was nominated to the Fed by Trump, said the court's decision does not substantially change the overall economic outlook that policymakers are considering as they determine the path of monetary policy. He noted that the tariffs themselves remain in place, and that the uncertainty surrounding trade policy would persist regardless of the court's ruling.
{{IMAGE_PLACEHOLDER}} alt=Source: The New York Times
