Fed's Kashkari says Trump tariffs could reheat inflation if they provoke global trade 'tit for tat'

Minneapolis Federal Reserve President Neel Kashkari expressed concerns on CBS’ “Face the Nation” that President-elect Donald Trump’s tariff proposals could lead to long-term inflation if other countries retaliate. While one-time tariffs may not significantly impact inflation, escalating trade disputes could pose a greater threat. Kashkari highlighted the importance of monitoring data before deciding on further interest rate cuts and emphasized the Fed’s commitment to economic factors, not political influences, in shaping monetary policy.

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