There’s a growing sense among some inside the Federal Reserve that President Donald Trump’s willingness to use tariffs as a tool to accomplish his administration’s aims will end up boosting inflation,

Are tariffs inflationary? Who will shoulder the increased cost? Will tariffs cause a recession? How do tariffs affect different products?

The full suite of tariffs sought by the administration would have created notable upward pressure for already high levels of inflation, a report said.

Federal Reserve Bank of Chicago President Austan Goolsbee said persistent, outsize tariffs could renew supply-chain disruptions and drive up inflation.

Key Takeaways President Donald Trump's proposed tariffs could disrupt global supply chains, one Fed official warned Wednesday.Tariffs could bring an unwelcome replay of a pandemic-era phenomenon: supply disruptions had a domino effect,