Fed's Musalem: Expect new tariffs to have direct effect on inflation

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CNBC's Steve Liesman reports on commentary from Alberto Musalem, president and CEO of the Federal Reserve Bank of St. Louis. Musalem says he is expecting the new tariffs to have both indirect and direct effects on inflation.

CNBC's Steve Liesman reports on commentary from Alberto Musalem, president and CEO of the Federal Reserve Bank of St. Louis. Musalem says he is expecting the new tariffs to have both indirect and direct effects on inflation.

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