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White House downplays risk

Fed officials expect tariffs to increase prices

AMELIA ISLAND, Florida � Federal Reserve officials on Tuesday said higher prices are coming after rising U.S. import tariffs, with the open question now whether the inflation shock will be fleeting or more persistent.

"One thing that we've heard is that a lot of the tariff impact to date has actually not shown up in the numbers yet. There's been a lot of front-running, building inventories and all those sorts of things. And we are hearing from an increasing number of businesses that those strategies ... are starting to run their course," Atlanta Fed President Raphael Bostic said on the sidelines of a conference in Florida. 





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