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Inflation Ticks Up to 2.7%, as Trump's Tariffs Boost Prices
Prices rose faster in June than a month earlier, amid Donald Trump’s tariffs that will be felt throughout the economy. Yet Trump again calls on Federal Reserve Chair Jerome Powell to cut interest rates anyway, while the White House also raises complaints about Powell's handling of an over-budget $2.5 billion renovation of the Fed's offices in Washington.
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By Paul Gigot, The Wall Street Journal
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Prices rose faster in June than a month earlier, amid Donald Trump’s tariffs that will be felt throughout the economy. Yet Trump again calls on Federal Reserve Chair Jerome Powell to cut interest rates anyway, while the White House also raises complaints about Powell's handling of an over-budget $2.5 billion renovation of the Fed's offices in Washington.
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