Global inflation pressures could become harder to manage

Apple CEO Tim Cook speaks at the Taiwan Semiconductor Manufacturing Company facility under construction in Phoenix, on Dec. 6, 2022. Multinational corporations are seeking to produce more items – especially semiconductors – in the United States. Apple will use chips made at the facility. (Ross D. Franklin/AP) JACKSON HOLE, Wyoming (AP) — Rising trade barriers. Aging populations. A broad transition from carbon-spewing fossil fuels to renewable energy. The prevalence of such trends across the world could intensify global inflation pressures in the coming years and make it harder for the Federal Reserve and other central banks to meet their inflation…