President Donald Trump’s rapidly evolving trade war threatens to resurrect an all-too-familiar question for the Federal Reserve: If inflation moves higher, will it be transitory?

President Donald Trump launched the largest trade war in modern US history, imposing tariffs of 25% on Mexican and Canadian imports and doubling duties on Chinese goods to 20%. While some of the tariffs on Canada andMexico have been eased,

The economy in 2018 was much different than the one today, and so are the Fed's options for keeping it on track.