Washington, May 28, 2025 (AFP) - US firms plan to pass Trump tariff costs to consumers: Fed minutes

NAMPA / AFP

2025-05-28

US firms have warned the Federal Reserve that the cost of President Donald Trump's tariffs will likely be borne by consumers, according to minutes of the bank's most recent rate decision. Since returning to office in January, Trump has embarked on a stop-start tariff rollout that has unnerved investors and shaken global financial markets. The Fed's meeting on May 6 and 7 took place after Trump had announced a 90-day pause on the most severe levi......

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