Trump’s Tariffs Spark Inflation Challenges for Fed

U.S. tariffs imposed by former President Donald Trump are escalating consumer prices and complicating the Federal Reserve’s (Fed) efforts to control inflation, according to BlockBeats. Economists warn that businesses and workers may start factoring these price hikes into their future expectations, potentially causing a self-fulfilling prophecy. Ignoring these expectations or dismissing them as temporary could damage the Fed’s credibility in maintaining stable long-term inflation expectations.