Alberto Musalem, the president of the Federal Reserve Bank of St. Louis, recently said in an interview with the Financial Times that U.S. President Donald Trump's tariff policies could lead to a sustained high inflation rate in the United States. He warned that U.S. policymakers would face economic uncertainty until the end of this summer. The Financial Times published the interview on the 6th. Musalem stated that Trump's tariff policy could raise U.S. inflation rates "within one to two quarters," adding that "another possible scenario is that the impact of tariffs on prices could last longer."
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The Federal Reserve (FED) officials warned: Trump's tariff policy could lead to a prolonged high inflation rate.
Alberto Musalem, the president of the Federal Reserve Bank of St. Louis, recently said in an interview with the Financial Times that U.S. President Donald Trump's tariff policies could lead to a sustained high inflation rate in the United States. He warned that U.S. policymakers would face economic uncertainty until the end of this summer. The Financial Times published the interview on the 6th. Musalem stated that Trump's tariff policy could raise U.S. inflation rates "within one to two quarters," adding that "another possible scenario is that the impact of tariffs on prices could last longer."