Dallas Fed President: The Federal Reserve will closely monitor the impact of tariff refunds.

Dallas Fed President Robert Kaplan said the impact of tariff refunds on the economy will depend on other possible policies that may be implemented, as well as the reaction of the financial situation. "We must consider the size of the refunds, as well as what other response policies may be taken, and how the financial situation reacts to these policies," Kaplan said at an event in New York on Friday. "All of these factors could affect the broader economy or financial conditions, so this is something we will closely monitor."