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Tariffs and a devaluating currency are a double whammy of inflation on imports. It will be reflected in overall inflation statistics, and that limits the Fed’s

by pavlov 1y ago

Tariffs and a devaluating currency are a double whammy of inflation on imports. It will be reflected in overall inflation statistics, and that limits the Fed’s ability to cut rates.

thrance 1y ago
> that limits the Fed’s ability to cut rates. Only insofar as it remains sort of independent. Trump has ranted several times already about taking control of the thing and forcefully cutting rates.