Will Trump's Tariffs Help Or Hurt The Effort To Tame Inflation?

2025-01-21 10:20:00 ET

Summary

• Inflation has fallen sharply over the past two years, although it’s turned sticky lately and remains moderately above the Federal Reserve’s 2% target.
• The question is whether sharply higher tariffs on the biggest US trading partners is counterproductive in the pursuit of lowering inflation further?
• The University of Michigan’s January survey of consumer sentiment reflects concerns that broadly targeted tariffs that Trump has promised will raise prices for households.

On his first day as president, Donald Trump announced bold plans to reshape economic policy. His ideas for revising US priorities are as brash and audacious as they are controversial and contested in some quarters....

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