Fed Chair Powell: “What we’re waiting for before cutting rates is clarity on where ‘tariff inflation’ is headed.
Everyone I talk to expects inflation to rise significantly in the coming months due to the tariffs. Someone has to pay for them — whether it’s the manufacturer, exporter, importer, retailer, or the consumer. People will try to avoid the costs, but ultimately, the price of the tariff has to be paid. And part of that will fall on the end consumer.
So as soon as Trump stops threatening the entire world, the market will go up.”
