(Reuters) – Federal Reserve Governor Adriana Kugler said Friday it still remains challenging getting a handle on the impact of the Trump tariff regime, in a climate where these sorts of policies could lead to higher inflation pressures.

“There is still, I would say, considerable uncertainty” amid the tariff push and “uncertainty can actually really slow down some of the economic activity” that otherwise would have happened, Kugler said in comments before a gathering held by the Banco de Portugal. She also said the tariffs pursued by the Trump Administration can drive up inflation and later depress growth.

(Reporting by Michael S. Derby, Editing by Franklin Paul)