if this process leads to a world of higher tariffs on a wide range of goods and services that are traded and those are sustained for a longer period of time--in other words, if it results in a more protectionist world, that will be bad for our economy.
Powell warns about the negative consequences of sustained higher tariffs.
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There are no new water features, there’s no beehives, and there’s no roof terrace gardens
If we move too quickly, then we may leave the inflation job unfinished and have to come back later and finish it.
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
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