Trump’s tariffs will raise prices to both producers and consumers. It’s a fine mess

The Consumer Price Index rose 0.2 percent in February , down from 0.5 percent in January .

Peter Bergen : This bit of apparent good news doesn’t yet reflect the impact of Trump ’s several perverse policies.

He says the Federal Reserve is looking for inflation to slow to not much more than 2 percent before it resumes its series of rate cuts.

Bergen says the economy is headed for stagflation, the rare combination of rising prices and slowing growth that destoyed the Carter presidency.