Solid economy gives Fed time to decide its next interest rate moveIt is challenging to set monetary policy right now amid uncertaintyIt’s time for Fed to be ‘actively patient’ with monetary policyTariffs to boost inflation over second half of 2025, core inflation around 3% by year’s endTariffs will slow hiring but ‘not necessarily by a large amount’Strong business, household balance sheets may blunt tariff painGood profit margins may limit tariff pass-throughTariffs will weigh for a time on what is now strong economyEconomy is currently in a ‘good place’ overallCore goods inflation showing some signs of tariff impactSusan Collins is the president of the Boston Federal Reserve and is a voting member in 2025. "It's time to be actively patient", suggests that she is not in a hurry to ease policy but as her eye on the data.It's time to be actively patient This article was written by Greg Michalowski at www.forexlive.com.