Fed's Goolsbee: Tariff implementation far exceeds Fed's previous model predictions

Odaily News Fed's Goolsbee said that the implementation of tariffs far exceeded our previous model predictions. The Fed must look at the problem from a longer-term perspective, rather than the volatility of the stock market. There are differences within the Fed on how quickly or to what extent the tariff increase will be passed on to consumers, which may cause suppliers to go bankrupt. Economists' predictions that tariffs will lead to inflation are not believed, because there was no inflation during Trump's first term. (Jinshi)