A recent Federal Reserve study has delivered a stark assessment of the lasting impact of tariffs imposed during the Trump administration on the current inflation landscape in the United States. According to the Fed’s economists, absent these tariffs, inflation in consumer goods would have already retreated to pre-pandemic levels, offering relief to millions of American households. The comprehensive study reveals that tariffs implemented through November 2025 artificially inflated prices on core goods by 3.1 percent through February 2026. More strikingly, the research attributes the entirety of excess inflation in the core goods category—covering electronics, appliances, clothing, and furniture—to these tariffs. … Read more