Last Friday in Jackson Hole, Federal Reserve ChairmanJayPowellfinally – and grudgingly – admitted what theTrumpteam has been saying all along:tariffs don’t fuel inflation. At most,tariffs create aone-time adjustment in prices, not the kind of runaway spiral that demands punishing rate hikes. And even thatone-time bump may be negligible if, as …
Read More »What Fed must do now after Jerome Powell's Jackson Hole epiphany
