Americans could soon face higher inflation as businesses pass along tariff costs, Fed official says

Americans could soon face higher inflation as businesses pass along tariff costs, Fed official says

Prices could tick higher in 2025 as businesses pass tariff costs onto consumers, Cleveland Fed's Beth Hammack tells CBS News.

Americans could soon see higher costs from tariffs, Fed's Hammack says

Americans could see inflation tick higher in 2025 as businesses start to pass on the cost of the Trump administration's tariffs to consumers through price hikes, Beth Hammack, president and CEO of the Federal Reserve Bank of Cleveland, told CBS News' Kelly O'Grady in an interview. So far this…