On the recordJuly 15, 2015
Policies or governmental actions that create uncertainty...are not helpful to recovery.
Source
congress.govPolicies or governmental actions that create uncertainty...are not helpful to recovery.
Yellen warns that uncertainty from government actions can hinder economic recovery.
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The most recent and optimistic estimate I’ve seen suggested that the average household will see on the order of $1,000 reduction in income.
The Fed does not have a 'good handle on how the tariffs are going to affect either spending in the labor market or inflation.'
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I would expect inflation, on a year-over-year basis of this year, to shoot up to at least 3%, or slightly over, because of the tariffs.