SEOUL, South Korea, June 3 -- The Federal Reserve issued the following speech on June 1, 2025, by Governor Christopher J. Waller at the Bank of Korea International Conference entitled "Structural Shifts and Monetary Policy": * * * The Effects of Tariffs on the Three I's: Inflation, Inflation Persistence, and Inflation Expectations Thank you to the conference organizers for inviting me to speak today. I have attended this conference several times and I'm honored to be on the program this year.  more