CBO Chief Says Trump’s Tariffs Fuel Inflation, but Long-Term Deficit Gains Projected

Congressional Budget Office (CBO) Director Phillip Swagel said Monday that President Donald Trump’s tariffs have likely pushed inflation higher than CBO analysts had initially expected, adding a new layer of complexity to the debate over their economic impact. Speaking on CNBC’s Squawk Box, Swagel explained that while Wall Street analysts have been bracing for tariff-driven

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