Core Viewpoint - The Federal Reserve, represented by Kashkari, acknowledges positive inflation data but emphasizes the need for further clarity on how tariffs will impact prices before making significant policy adjustments [1] Group 1 - Recent inflation data over the past two to three months has been described as "quite positive," indicating that the anti-inflation path is on track [1] - The Federal Reserve has not yet seen the full impact of tariffs, leading to a cautious approach in understanding the situation before altering policy outlooks [1] - Some Federal Reserve officials support the possibility of interest rate cuts as early as July, but Chairman Powell indicates a reluctance to rush into cuts while awaiting economic responses to new policies, including tariffs [1]