Fed's Waller says large tariffs are harder for companies to deal with

By Michael S. Derby

NEW YORK, March 6 (Reuters) - Federal Reserve Governor Christopher Waller warned on Thursday that the sort of tariffs being contemplated by the Trump administration will be harder to navigate for businesses and the economy as a whole.

“It's very hard to eat a 25% tariff out of the profit margins,” Waller said at a Wall Street Journal event in New York. He noted that the trade policies now being pursed by President Donald Trump are much broader than when he was last in the White House and are happening in a very different economy, limiting comparisons between implications of the policies.