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Yellen warns Trump's import tariffs may boost prices, harm growth, and affect inflation control.
Treasury Secretary Janet Yellen warned that President-elect Donald Trump's proposed broad import tariffs could raise consumer prices and undermine efforts to control inflation.
Yellen expressed concerns at a CEO summit about the tariffs' impact on growth and the national budget, while defending targeted tariffs against China.
She also highlighted worries about the US deficit and the importance of an independent Federal Reserve.
5 months ago
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