[Former Fed Vice Chairman: Trump Will Not Affect The Fed's Mission And Independence, And Tariffs Themselves Should Not Cause Inflation] Former Fed Vice Chairman Randall Quarles Said That Even If President-elect Trump Takes Office, The Fed's Independence, Inflation And Labor Market Will Not Be Threatened. Quarles Said During A Forum On Monday That There Are Quite A Lot Of Misunderstandings About The Fed's Independence. The Independence Of The Fed Does Not Mean That The President Cannot Comment On The Fed's Policies. Quarles Is A Member Of The Fed Appointed By Trump And Served As Vice Chairman Of Supervision Until 2021. Quarles Said That Tariffs Themselves Should Not Cause Inflation, Although At The Margin, Tariffs Will Prompt The Fed To Cut Interest Rates. He Also Said That He Expects A Large Number Of Illegal Immigrants To Be Deported After Trump Takes Office, But This Will Not Affect The Labor Market. Quarles Made This Comment Before The Release Of The Much-anticipated CPI Report, Which May Show That Potential Inflation In The United States Has Cooled Only Slightly At The End Of 2024 Against The Backdrop Of A Strong Job Market And A Solid Economy, Which May Support The Fed's Idea Of ​​​​cautious Further Rate Cuts