Source: International Business Times
Lisa DeNell Cook, a member of the Board of Governors of the Federal Reserve System, warns that tariffs could push up inflation AFP The trade uncertainty fueled by recent tariffs will likely raise the risks of higher inflation and slower growth, and pose challenges for Federal Reserve policy, a senior banking official said Thursday. As the US central bank, the Fed has a dual mandate to tackle inflation and unemployment, and faces the unenviable task of charting a path through the uncertainty thrown up by President Donald Trump's tariff announcement on Wednesday, which has roiled financial markets. Inflation remains stuck above the Fed's long-term target of two percent, while growth has been solid and unemployment has hugged close to record lows.
