President Trump is criticizing Fed Chair Jerome Powell once again and raising steel tariffs up 50%. NBC News Correspondents Kelly O'Donnell and Christine Romans report more. Professor of Economics and Public Policy at the University of Michigan Justin Wolfers joins Ana Cabrera to share his expertise on the impact of tariffs.

Trade experts told ABC News the fresh tariffs will likely raise prices for some goods made out of the two metals, since importers of the raw material typically pass along a share