Tariff ‘curveball’ complicates anti-inflation efforts, Fed official says in South Dakota

Tariff ‘curveball’ complicates anti-inflation efforts, Fed official says in South Dakota

RAPID CITY — A national leader in monetary policy said during a visit to South Dakota that the Federal Reserve was “making good progress” bringing down inflation until “tariffs threw a curveball at us.” Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, addressed dozens of people during a question-and-answer session Thursday at the Hyatt Place in downtown Rapid City. A local economic development group, Elevate Rapid Cit…