Fed vs. Trump on tariffs impact will soon be put to test – Twin Cities

by | Jul 1, 2025 | Local | 0 comments

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By Amara Omeokwe, Bloomberg News

It’s a widely held belief among economists that President Donald Trump’s tariffs will boost inflation notably over the next few months. But muted price increases so far have called that assumption into question, emboldening the White House and opening up divisions at the Federal Reserve.



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