Former Federal Reserve Vice Chairman Randall Quarles stated that even if Donald Trump is re-elected as president, the independence of the Federal Reserve, the level of inflation, and the labor market will not be threatened. He pointed out that there is a misunderstanding about the independence of the Federal Reserve, emphasizing that the president can express opinions on the Fed's policies, but this does not mean that the Fed will lose its independence. Quarles, who served as Vice Chairman for Supervision during Trump's administration, mentioned that tariffs themselves do not directly lead to inflation and may instead prompt the Fed to lower interest rates.