Steven Miran and James Bullard both said Trump’s tariffs are not causing inflation

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Two leading contenders for key seats at the Fed made it clear on Tuesday that they do not believe President Donald Trump’s tariffs are causing inflation, according to CNBC interviews. Steven Miran and James Bullard, both speaking separately, rejected the position taken by many economists outside the White House that the trade duties will lead to persistent price increases. Trump has nominated Miran, the current chair of the White House Council of Economic Advisers, to finish the final months of ...