Fed’s Kugler Says Her Main Focus Now Is Inflation (1)

Federal Reserve Governor Adriana Kugler said her main focus now is inflation, rather than a potential slowdown in economic growth, as President Donald Trump’s tariff policies threaten to put upward pressure on prices.

She said she was more attuned to inflation currently because the impact of tariffs on prices will be “the first-order effect.”

“Down the road, when prices go up, consumers and businesses will react, and demand will come down and that’s when you expect maybe to have a bigger effect in terms of a slowdown in economic activity and employment,” she said Thursday during a question-and-answer session at ...