Trump’s tariffs may mean higher prices this year, NY Fed chief says

The Fed’s New York chief said new U.S. tariffs on China, Mexico and Canada are likely to lead to higher inflation if they stay in place long enough, but that the central bank will need more data to forecast the impact.

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​The Fed’s New York chief said new U.S. tariffs on China, Mexico and Canada are likely to lead to higher inflation if they stay in place long enough, but that the central bank will need more data to forecast the impact.Read more…