Internet reports that Federal Reserve Governor Kugler said on Monday that the Trump administration's tariff policy may push up inflation and drag down economic growth, even after tariffs are reduced. Kugler said,"Trade policy is evolving and may continue to change even this morning. However, even if tariffs remain near currently announced levels, they appear likely to have a significant economic impact." Kugler pointed out that the current average tariff rate in the United States is still much higher than the level it has been in decades. "If tariffs remain much higher than earlier this year, there will be no change in the impact on the economy, including driving up inflation and reducing economic growth," she added.