Alberto Musalem, president of the Federal Reserve Bank of St. Louis, said in an interview with the Financial Times a few days ago that US President Donald Trump's tariff policy may lead to a persistently high inflation rate in the United States. He warned that U.S. policymakers will face economic uncertainty until the end of the summer. The Financial Times published the above interview on the 6th. Musalem said Trump's tariffs could push up U.S. inflation "in one to two quarters," and "it's also possible that the impact of tariffs on prices will last longer."
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Federal Reserve officials warn: Trump's tariff policy may lead to persistently high inflation rates in the United States.
Alberto Musalem, president of the Federal Reserve Bank of St. Louis, said in an interview with the Financial Times a few days ago that US President Donald Trump's tariff policy may lead to a persistently high inflation rate in the United States. He warned that U.S. policymakers will face economic uncertainty until the end of the summer. The Financial Times published the above interview on the 6th. Musalem said Trump's tariffs could push up U.S. inflation "in one to two quarters," and "it's also possible that the impact of tariffs on prices will last longer."