Fed's Jefferson warns tariffs could derail disinflation, unclear if impact will linger

1 month ago 3
Senate Banking Committee Hears Testimony From Nominees For Federal Reserve Board Of Governors

Drew Angerer

Federal Reserve Vice Chair Philip Jefferson on Wednesday cautioned that higher tariffs could impede the U.S. central bank's progress on bringing inflation down, adding it remains uncertain whether the impact would prove temporary or have more lasting effects on prices.

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