Economics
Trump's Tariffs Are Helping the Fed Close in on Its Price Goal
- The central bank has fallen just shy of its 2 percent target
- Progress toward that goal has been aided by Trump’s levies
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As President Donald Trump announced several waves of tariffs that ultimately extended to more than $250 billion of imports, Federal Reserve economists and policy makers alike warned that they posed a risk to growth.
Now that the first signs of the spat are feeding into hard data, it’s becoming clear that the tiff is also helping the Federal Reserve to achieve one of its dual mandate goals.