There’s a growing sense among some inside the Federal Reserve that President Donald Trump’s willingness to use tariffs as a tool to accomplish his administration’s aims will end up boosting inflation,

Are tariffs inflationary? Who will shoulder the increased cost? Will tariffs cause a recession? How do tariffs affect different products?

The full suite of tariffs sought by the administration would have created notable upward pressure for already high levels of inflation, a report said.

The more President Donald Trump threatens tariffs on the US’s trading partners, the more the worry of another inflation wave troubles global economists.

Key Takeaways President Donald Trump's proposed tariffs could disrupt global supply chains, one Fed official warned Wednesday.Tariffs could bring an unwelcome replay of a pandemic-era phenomenon: supply disruptions had a domino effect,