A Federal Reserve Board member, Kugler, expressed concern about the potential economic repercussions of US tariffs. According to a report by Odaily, he warned that even after tariff reductions, President Trump’s policies may contribute to increased inflation and stifled growth. Kugler highlighted that trade policies are constantly in flux and could evolve further. However, even if tariffs remain at their current levels, these policies are likely to have substantial economic consequences. Notably, the average tariff rate in the US remains significantly higher than it has been in recent decades, with potential for significant inflation and reduced growth if tariffs stay elevated.