Atlanta Fed President Highlights Tariff Impact on Prices

Federal Reserve Bank of Atlanta President Raphael Bostic has raised concerns that the imposition of tariffs is likely to lead to higher prices, potentially delaying the central bank's ability to meet its inflation targets.

Economic Pause Amid Trade Tensions

During a recent event in Atlanta, Georgia, Bostic emphasized that inflation remains significantly above the target level. He described the current economic state as being "in a big pause," with the ongoing trade tensions between the United States and other countries creating uncertainty that could lead to various outcomes.

Challenges in Reviving US Manufacturing

Bostic also commented on President Donald Trump's initiatives to rejuvenate the US manufacturing sector, suggesting that success would require more than protective measures. "It would take more than putting up walls," he remarked, indicating that strategic engineering and planning are essential for sustainable growth.