Powell responds to whether it's odd that Biden hasn't sought a meeting.
07/09/2024
https://congress.gov...
Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs.
The effects on inflation could be short lived — reflecting a one-time shift in the price level.
Tariffs this year are likely to push up prices and weigh on economic activity.
It would be inappropriate for us to comment on the policy of tariffs.