Golden Finance reported that Alberto Musalem, president of the Federal Reserve Bank of St. Louis, said in an interview with the Financial Times that U.S. President Donald Trump's tariff policy could lead to persistently high inflation rates in the United States. He warned that until the end of this summer, U.S. policymakers will face economic uncertainty. 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 possibility is that the impact of tariffs on prices will last longer."
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The Federal Reserve (FED) officials warned: Trump's tariff policy may lead to prolonged high inflation.
Golden Finance reported that Alberto Musalem, president of the Federal Reserve Bank of St. Louis, said in an interview with the Financial Times that U.S. President Donald Trump's tariff policy could lead to persistently high inflation rates in the United States. He warned that until the end of this summer, U.S. policymakers will face economic uncertainty. 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 possibility is that the impact of tariffs on prices will last longer."