When Donald Trump took office last January, most economists feared what would happen if he raised tariffs. The expectation was that, as the new duties drove up prices of consumer goods and inputs – affecting households and companies, respectively – surging inflation and falling real incomes would f»»»

US President Donald Trump has nominated the chairman of the Council of Economic Advisors, Stephen Miran, to serve on the Federal Reserve Board. Trump said Miran will serve in the recently vacated seat on the board until Jan. 31.. "In the meantime, we will continue to search for a permanent replacem»»»