Yes, it will be a permanent price increase which means consumers have less purchasing power. That's the issue. You don't get that back. If inflation spikes to 10%, even for one month, consumers are now worse off than they were prior because everything is now more expensive, permanently. . You're trying to argue that because prices aren't going up every month that everyone is fine. That's not how it works.
Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes are “highly likely” to lead to “at least a temporary rise in inflation,” but added that “it is also possible that the effects could be more persistent.”
Classic.
I'm literally quoting the definition to make my point, you retard.
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akvanden ·
