Economists: Policy shifts, other factors make tariffs’ inflation effects unclear

The impacts of President Trump’s tariffs on consumer prices and inflation remain uncertain almost a year into his second term thanks to delays in their implementation, pressure on companies to absorb their cost increases and an array of other hard-to-measure factors, economists, including a top figure at the Federal Reserve Bank, said in recent days. “The question really is: for the bulk of the effect of tariffs on, first inflation, and then economic activity -- is it in front of...