The Federal Reserve's Barkin said Thursday that tariffs are likely to push up inflation in the coming months. "I do believe that prices will come under pressure," Barkin said. Addressing the tariffs and their impact on price pressures, he said, "So far, these increases have had little impact on measuring inflation, but I expect more pressure to come." But he said the impact on inflation is not expected to be as severe as what has just been experienced, and there are signs that consumers will try to abandon goods subject to tariffs. Barkin noted that the Fed is at risk on both its jobs and its inflation mandate. He said, "Given the strength of the economy today, we have time to patiently track developments and allow visibility to improve. We are ready to respond to any needs of the economy. In the current state of the economy, things look pretty good. "