Federal Reserve official Kashkari said tariffs could push up inflation.

Minneapolis Federal Reserve President Neel Kashkari stated that tariffs and the uncertainty they bring could put pressure on economic growth and exacerbate inflation. Kashkari said during an event at Keio University in Tokyo on Wednesday, "Now that we have imposed these tariffs, it has created a lot of uncertainty, which could dampen economic activity and possibly push up inflation." The Federal Reserve is monitoring the impact of tariffs on the economy.