Tariff-driven inflation accelerating with ‘worst yet to come,’ AEI’s Michael Strain says
Summary
New inflation data suggests that tariffs introduced by President Trump may be affecting consumer prices. Although overall inflation remained stable, core inflation, which excludes prices for food and energy, increased slightly. Michael Strain from the American Enterprise Institute discussed these changes.Key Facts
- New inflation figures have been released.
- President Trump's tariffs are reportedly affecting consumer prices.
- Overall inflation did not change much.
- Core inflation, which does not include food and energy prices, rose slightly.
- Core inflation is important to the Federal Reserve.
- Amna Nawaz talked with Michael Strain about tariffs and inflation.
- Michael Strain is from the American Enterprise Institute.
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