New data shows Tariffs Increase Inflation as Trump Criticizes Fed’s Powell

Inflation is heating up as the latest Consumer Price Index (CPI) report reveals that tariffs have significantly driven up prices, according to news from The New York Times. President Trump has resumed his criticisms of Federal Reserve Chair Jerome Powell, blaming him for not effectively managing the economy amid rising tariff-induced inflation. The reported data indicates that increased tariffs on imported goods have led to noticeable price hikes across various sectors, further complicating the economic landscape. As consumers feel the pinch, the Fed faces mounting pressure to balance the economic growth with inflation control. The tension between the administration and the Fed highlights ongoing challenges in economic policy and monetary strategy. The CPI numbers underscore the critical impact of tariffs on everyday expenses, as the debate around the effectiveness of trade policies and monetary approaches continues to intensify.

The New York Times