Where’s all the inflation from the Trump trade wars? So far, the evidence really hasn’t shown up — but many economists say it’s coming soon, perhaps as soon as this week.

Federal Reserve Bank of Cleveland President Beth Hammack said Monday that inflation has not yet cooled enough to justify interest-rate reductions and urged patience amid trade policy uncertainty.

Federal Reserve Bank of Cleveland President Beth Hammack said on Monday she sees no imminent need to lower interest rates right now given that inflation is still too high, amid ongoing uncertainty about how trade tariffs will affect price pressures.

The Trump administration’s attacks on the Fed highlight the problems with the central bank’s discretionary moves. Remember ‘transitory’ inflation?

Top Trump administration officials have escalated their criticisms of Fed Chair Jerome Powell by targeting the Federal Reserve's renovation project.