Fed Member Anticipates When Prices Will Start Spiking As a Result of Trump's Tariffs

Source: International Business Times

Richmond Fed president Tom Barkin A member of the Federal Reserve anticipated the moment in which price increases resulting from President Donald Trump's tariffs, saying it will likely be a few months before consumers feel the full impact of the measures. Speaking to Axios, Richmond Fed president Tom Barkin said "for the most part, there is enough inventory that we're talking about June prices more than we're talking about April prices," as "companies typically have 30 to 60 days' worth of pre-tariff inventory to work through. "Barkin went on to say that business leaders he has talked to are "still struggling to have confidence in where this lands.