Speaking at an event in Tokyo, US Federal Reserve Bank of San Francisco Governor Daly said that tariffs have had a clear impact on inflation. There is now some evidence that the impact of tariffs on inflation has begun to subside. An end to the war in the Middle East should help lower inflation.

Speaking at an event in Tokyo, US Federal Reserve Bank of San Francisco Governor Daly said that tariffs have had a clear impact on inflation. There is now some evidence that the impact of tariffs on inflation has begun to subside. An end to the war in the Middle East should help lower inflation.