Kashkari: Inflation could be extended "the longer there's back and forth" in Canada tariff war
Summary
Neel Kashkari, leader of the Minneapolis Federal Reserve, said that ongoing tariff disputes between the U.S. and Canada could make inflation last longer. He explained that the longer the two countries keep changing tariffs on each other, the more inflation problems will be delayed and extended.Key Facts
- Neel Kashkari is the president and CEO of the Minneapolis Fed (Federal Reserve Bank).
- Kashkari spoke about inflation during an interview on "Face the Nation."
- He referred to the ongoing tariff conflict between the U.S. and Canada.
- Tariffs are taxes on imported goods that can raise prices.
- Kashkari said that continual back-and-forth changes in tariffs make inflation last longer.
- The longer the tariff issues continue, the longer inflation problems remain.
- Inflation means prices for goods and services go up over time.
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