Michelle Girard, the Head of U.S. at NatWest Markets, provided critical insights into the Federal Reserve’s delicate balancing act concerning inflation and tariffs. She noted the central bank’s challenge lies in managing the inflationary potential of tariffs while accommodating market expectations for rate cuts. Girard suggests a cautious, wait-and-see approach from the Fed, where they must consider the consequences of their decisions carefully. As economic conditions shift, businesses and investors need to be vigilant and responsive to emerging data and signals.