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GOBankingRates
GOBankingRates
Terence Loose

Ask an Economist: Between Inflation and Tariffs, Is America Headed for an Economic Downturn?

Donald Trump Inflation America Recession Jerome Powell GOBankingRates GoBankingRatescom US Federal Reserve
sefa ozel / iStock.com

Since Trump’s “Liberation Day” back on April 2, when he announced sweeping tariffs, inflation has remained in check. But the recent release of the consumer price index (CPI) for June showed a rise of 2.9% year over year. 

Read More: I Asked ChatGPT What the Point of Trump’s Tariffs Are: Here’s What It Said

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