US Fed warns Trump's tariffs may increase prices

20 February, 2025, 02:50 pm

Last modified: 20 February, 2025, 02:54 pm

US Fed warns Trump's tariffs may increase prices

20 February, 2025, 02:50 pm

Last modified: 20 February, 2025, 02:54 pm

American shoppers may face higher prices if US President Donald Trump goes ahead with some of his proposed tariffs, the US central bank has warned. Minutes from the Federal Reserve's January meeting released on Wednesday revealed members of its committee believe Trump's policies might "hinder the disinflation process".

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