Federal Reserve Officials Warn of Potential Inflation Surge Amid Tariff Concerns

According to PANews, several Federal Reserve officials issued a rare joint warning on June 3, local time, about the potential for inflation to rise again. The proposed high tariff policies by the Trump administration could pose a risk of 'stagflation.' Atlanta Federal Reserve President Raphael Bostic stated that there are not yet sufficient signs of inflation easing. Meanwhile, Chicago Federal Reserve President Austan Goolsbee noted that tariffs could cause prices to rebound within weeks. Federal Reserve Governor Lisa Cook reiterated the importance of price stability for achieving long-term employment goals and emphasized the need for policies to be prepared for various scenarios. The market widely anticipates that the June meeting will maintain the current interest rates.