Federal Reserve Governor Waller stated that if the labor market comes under pressure, he will support interest rate cuts to address tariff impacts

Federal Reserve Governor Waller stated that if the Trump administration reinstates high tariffs, it could lead to corporate layoffs and an increase in the unemployment rate, and he would support interest rate cuts to protect the labor market. He believes that the impact of high tariffs will not cause significant shocks to the overall economy in the short term, but prolonged tariffs could lead to a rapid rise in the unemployment rate. Waller reiterated that the inflationary pressures brought by tariffs are temporary and emphasized the importance of stabilizing inflation and public confidence. The market is focused on the impact of Trump's trade policy on future monetary policy