Trump’s Tariffs Could Hurt Long-Term Inflation, Warns Fed’s Kashkari

Minneapolis Federal Reserve President Neel Kashkari warned that President-elect Donald Trump’s proposed tariffs could affect long-term inflation if global trade partners retaliate. Appearing on CBS program "Face the Nation," Kashkari said one-time tariffs "shouldn’t have an effect long run on inflation. The challenge becomes, if there’s a tit for tat and it’s one country…