Federal Reserve's Daly: The impact of tariffs on U.S. prices has significantly weakened, but technology investment has become a new inflation risk.

This Thursday, Mary Daly, President of the Federal Reserve Bank of San Francisco, stated at an economics conference in Tokyo that she fully supports the FOMC's decision to maintain interest rates last week. She believes the Federal Reserve still needs to gather more data to determine how to respond to inflation, which is currently well above the 2% target. She also mentioned that while tariffs have indeed had a significant impact on U.S. inflation in the past, there are preliminary signs indicating that this influence is starting to diminish. On the other hand, U.S. inflation may face a new upward driving force: technology investment.