Fed’s Kugler Urges Holding Interest Rates Steady Amid Tariff-Driven Inflation Risks

Federal Reserve Governor Adriana Kugler says the central bank should maintain interest rates at their current elevated levels “for some time” as tariffs imposed by the Trump administration continue to drive inflationary pressures.

In a July 17 appearance at the Housing Partnership Network Symposium in Washington, Kugler said a restrictive monetary policy stance will help keep inflation in check as tariff-related price increases are likely driving up consumer costs.