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Federal Reserve executives: Trump's tariff policy may lead to continued high inflation in the United States

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2025-06-07 08:20:36
President Donald Trump's tariffs could lead to persistently high US inflation, Alberto Musalem, president of the St Louis Federal Reserve Bank, said in an interview with the Financial Times, warning that US policymakers would face economic uncertainty until the end of the summer. Mr. Musalem said Mr. Trump's tariffs could push up US inflation "in one to two quarters" and that "it is equally likely that the impact of tariffs on prices will last longer".
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