Trump Risks Ending Years of Disinflation, Ex-Fed Vice Chair Says
Donald Trump announces 25% tariffs on auto imports during a press conference in the Oval Office in Washington, DC, on March 26.
Photographer: Win McNamee/Getty ImagesUS President Donald Trump’s trade war risks turning powerful influences that helped ease inflation over decades in the opposite direction.
“Some of the forces that helped the disinflation in the 1990s and the 1980s and the 2000s will be going into reverse,” Donald Kohn, a former vice chairman of the Federal Reserve, said on Thursday.