Fed Gov. Christopher Waller: Tariffs Ruling ‘Is Unlikely to Have a Significant Impact on My View of the Appropriate Stance on Policy’

EXCERPT:

WALLER: “Now, the Supreme Court ruling Friday overturning a large share of import tariffs imposed last year may have a positive impact on spending and investment. But how large that impact may be and how long it could last is unclear. The administration plans to impose at least some of the tariffs using other laws, but there is considerable uncertainty over to what extent tariffs will continue. Looking forward, there’s now a question of how Friday’s Supreme Court ruling may affect near-term price increases. Perhaps firms will lower their prices as their input costs associated with tariffs decline, or prices may be unaffected if the administration quickly reimposes at least some of the tariffs under other laws. It’s too soon to know.”