Mary Daly, President of the Federal Reserve Bank of San Francisco (2027 FOMC voter): Tariffs have had a noticeable impact on inflation. Some signs suggest that the impact of tariffs on inflation is beginning to wane. An end to the war in the Middle East should help lower inflation

Mary Daly, President of the Federal Reserve Bank of San Francisco (2027 FOMC voter): Tariffs have had a noticeable impact on inflation. Some signs suggest that the impact of tariffs on inflation is beginning to wane. An end to the war in the Middle East should help lower inflation.