Fed Official Kashkari: Must Ensure Tariffs Do Not Trigger Persistent Inflation
Jinse reports that Minneapolis Fed President Neel Kashkari stated that the Federal Reserve is responsible for ensuring that tariffs do not trigger persistent inflation issues, echoing recent remarks by Fed Chairman Powell. "We are just not sure if this will have a one-time effect on inflation or a long-term impact," Kashkari said at a U.S. Chamber of Commerce event in Washington on Tuesday. "Our job at the Federal Reserve is to ensure that this does not lead to a longer-term effect."
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