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Fed's Musalem: Expect new tariffs to have direct effect on inflation

Summary by CNBC

CNBC's Steve Liesman reports on commentary from Alberto Musalem, president and CEO of the Federal Reserve Bank of St. Louis. Musalem says he is expecting the new tariffs to have both indirect and direct effects on inflation.

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Detroit Lakes Online

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Perham Focus

Lean Right

Inflation a concern as Minneapolis Federal Reserve Bank president visits Detroit Lakes

DETROIT LAKES — If you think those dozen or so Federal Reserve Bank presidents around the country just sit up in their ivory towers, trying to divine the state of the economy through cloudy crystal balls, think again. They — and their sources — actually spend a lot of their time figuring out what’s happening on the ground, in real time, by talking to regular people — employers of all sizes, workers of all kinds, local government leaders, farmers…

4 days ago

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The Paducah Sun

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St. Louis Fed president talks economic uncertainty, inflation in Paducah

St. Louis Federal Reserve President Alberto Musalem discussed economic growth and uncertainty, inflation and interest rates at the Paducah Area Chamber of Commerce and Greater Paducah Economic Development luncheon Wednesday.

4 days ago

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CNBC

Center

Fed's Musalem: Expect new tariffs to have direct effect on inflation

5 days ago·United States

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Bloomberg

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Fed’s Musalem Warns Tariff Inflation Impact May Not Be Temporary

Federal Reserve Bank of St. Louis President Alberto Musalem said it’s not clear any inflationary impact from tariffs will prove temporary, and he cautioned that secondary effects could prompt officials to hold interest rates steady for longer.

5 days ago·United States

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constructforstl.org

St. Louis Fed President Warns of Inflation Risk From Higher Tariffs – Construction Forum

From St. Louis Business Journal: The risks that inflation will stall above the Fed’s 2% goal or move higher in the near term appear to have increased, Alberto Musalem, president of the Federal Reserve Bank of St. Louis, said Wednesday. Musalem said the direct effects of the Trump administration’s tariff increases likely will be one-time price increases that shouldn’t have a persistent impact on inflation, but “indirect, second-round effects” co…

4 days ago

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Action Forex

Fed’s Musalem: Persistent tariff inflation could delay cuts or force hikes - Action Forex

St. Louis Fed President Alberto Musalem warned that while the initial effects of import tariffs may be short-lived, their broader inflationary impact could linger. He stressed concern that underlying inflation may be influenced more persistently than expected, and if so, Fed might have to consider a tighter policy stance. Although this isn’t his baseline scenario, […] The post Fed’s Musalem: Persistent tariff inflation could delay cuts or force …

5 days ago

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