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" on Sunday, 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 imposing tariffs and then responses and it's escalating. That's where it becomes more concerning, and, frankly, a lot more uncertain."
