- So important to bring inflation back to target as low-income households can ill-afford price increases
- Tariffs to put upward pressure on inflation
- Tariffs may at same time slow economy, cause unemployment to rise
- Low-income workers often hardest hit when job market weakens
- Still considerable uncertainty around tariff effects
This is yet-another vote in Powell’s back pocket. It’s looking like Waller and Bowman are on their own.
This article was written by Adam Button at www.forexlive.com.
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