Federal Reserve Bank of Atlanta President Raphael Bostic emphasized on Monday that tariffs on imports from Mexico, Canada, China, and likely the European Union, announced by United States President Donald Trump, are "an aspect of uncertainty."
"The current degree of uncertainty has broadened considerably," Bostic said in his remarks at the Rotary Club of Atlanta, adding that the impact of tariffs depends on implementation and a possible retaliation.
However, the central banker pointed out that the Fed's main focus is still on inflation, noting that consumer prices are expected to remain on a downward path, while labor market prospects remain solid.
