Fed's Fisher says tariffs hurt inflation fight

Imposing tariffs on imports to the United States would hurt consumers and hamper attempts to control inflation, the president of the Federal Reserve Bank of Dallas said in a column in The Wall Street Journal on Monday 25 April.

According to Richard Fisher, who is also a member of the interest-rate setting Federal Open Market Committee, unfettered imports have in the past helped to limit inflation.

"Simply put, prices tamed by competition gave monetary policy-makers greater leeway to err on the