Fed's Daly Says Tariffs Had Clear Impact On Inflation; Sees Some Evidence Impact Of Tariffs Beginning To Fade On Inflation; If The Middle East War Ends, It Should Help Lower Inflation; Technology Investment Is Helping Drive Up Inflation; Many Think That Supply Shocks Will Cause Temporary Jump In Inflation; 'Good Reasons' To Think Supply Shocks Will Not Have Lasting Inflation Impact
https://www.frbsf.org/news-and-media/events/2026/07/mary-c-daly-esri-international-conference/
A Federal Reserve leader said tariffs (extra taxes on imports) pushed prices up, but that effect is starting to wear off. When people see prices might stop rising as fast, that usually makes stocks feel calmer because the Fed might not need to raise interest rates as much.
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