The consumer price index fell in March, but President Donald Trump's tariff agenda and the specter of a global trade war ...

Policymakers and economists say the latest data is only a temporary reprieve as tariffs could stoke higher inflation.

In any event, I detect no reason to worry about inflation ... well-behaved, as Chart #3 demonstrates. Both the total and core versions are up only about 2% over the past year.

Gasoline inflation was also tame in February. Prices were down 1% from January to February, and down 3% in the past year, according to CPI data. Shelter is the largest component of the CPI ...