Federal Reserve’s Richard Clarida recently voiced concerns about the U.S. economy facing a potential slowdown due to weak demand, according to Odaily news. However, he also indicated that inflation linked to tariffs seems under control despite their continued impact on goods prices. Despite not having a voting role on the Federal Open Market Committee, Clarida clarified his stance and highlighted the significance of a thorough examination of available data from both sides of the debate before formulating any policy actions for the upcoming December meeting. He also noted that so far, tariffs have primarily affected specific sectors and minimal spillover into service sector inflation or price expectations have been observed, keeping overall inflation relatively stable around the target level.