The Federal Reserve's senior officials have differing views on a rate cut in July, with several officials warning that tariffs could reignite inflation

There are differences among the Federal Reserve's senior officials regarding a rate cut in July. Some officials support a rate cut, but Chairman Jerome Powell emphasizes the need to observe the economy's response to the new policies. Federal Reserve Governor Michael Barr expects tariffs to drive up inflation and supports a wait-and-see approach. He pointed out that the current economic foundation is solid, but future inflation may rise due to increased tariffs. Minneapolis Federal Reserve President Neel Kashkari stated that there needs to be a clearer understanding of the impact of tariffs on prices, emphasizing the need to assess the actual situation before making policy adjustments