On the recordJune 30, 2025
Tariffs this year are likely to push up prices and weigh on economic activity.
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usatoday.comTariffs this year are likely to push up prices and weigh on economic activity.
Powell explains the impact of Trump's tariffs on inflation.
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The things that are sold at retail now might have been put into inventory before the tariffs, so we think we should see [higher prices] over the summer.
No one should assume that the fed can really protect the economy and the financial system, or our reputation globally from the damage that a U.S. default might inflict.
It is well past time we all have an adult conversation about fiscal responsibility.