Fed officials see inflation risks from tariff surge
(Reuters) -Two Federal Reserve officials warned on Monday the large-scale tariffs now being pursued by the Trump Administration come with inflation risks, even as they stopped short of saying how that's affecting their thinking about monetary policy in a climate of notable uncertainty. "The kind of broad-based tariffs that were announced over the weekend, one would expect to have an impact on prices," Federal Reserve Bank of Boston President Collins said in an interview with CNBC, adding that "with broad-based tariffs, you actually would not only see increases in prices of final goods, but also a number of intermediate goods." Collins, however, noted there's not a lot of experience on how mega tariffs impact the economy in the modern age, which makes it hard for the Fed to know exactly how things will play out.