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‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting inflation impacts

Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.

Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.

Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.

President Donald Trump is encouraging the central bank to cut interest rates as a backstop for his tariff plans.

Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.

Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.

Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.

Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.

Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.

Fed officials see inflation moving up this year more rapidly than previously expected, but they also expect the trend to be short-lived.