Federal Reserve Research Confirms Trump Tariffs Drove Excess Inflation In 2025: 'Dollar-For-Dollar' Hit
A new Federal Reserve study reveals that sweeping U.S. tariffs implemented in 2025 by President Donald Trump are entirely responsible for the recent surge in core goods inflation, hitting consumers with a direct, “dollar-for-dollar” price increase. Driving The Inflation Spike According to the April 8 FEDS Note authored by economists Robert Minton, Madeleine Ray, and Mariano Somale, aggressive trade policies enacted …
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