by Mike Maharrey
GoldSeek
The Federal Reserve may finally have another scapegoat for the inflation it created – tariffs.
Two Fed officials recently warned about the possible inflationary consequences of President Trump’s aggressive tariff policies.
Of broad-based tariffs, Federal Reserve Bank of Boston President Susan Collins said, “one would expect to have an impact on prices,” and that “you actually would not only see increases in prices of final goods, but also a number of intermediate goods.”
Atlanta Fed President Raphael Bostic sounded a similar warning, saying his business contacts planned to pass tariff costs along to consumers. “The ultimate question about whether that is significantly inflationary depends on exactly how it plays out,” said.