Federal Reserve, Trump and Inflation
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Fed, Trump and Jerome Powell
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Higher tariffs put in place by the Trump White House this year have started to increase inflation, and these effects are likely to increase in the coming months, New York Fed President John Williams said Wednesday.
In a wide-ranging interview with Yahoo Finance Federal Reserve Reporter Jennifer Schonberger, Chicago Fed President Austan Goolsbee discusses how tariffs impact his outlook for inflation and what he wants to see from the US economy in order to cut rates.
Federal Reserve governor Adriana Kugler said the Fed should hold interest rates steady for a while to come, because new trade barriers are likely to spark more inflation in the months ahead. Speaking at a housing conference in Washington,
The Indian rupee fell on Wednesday as the latest U.S. inflation report showed that tariffs were beginning to feed into prices, weakening bets on rate cuts by the Federal Reserve, which lifted U.S. Treasury yields and the dollar.