Financial markets have been roiled since President Trump started the Trade War with almost every country in the world. After Chair Powell spoke to the Economics Club of Chicago on April 16, President Trump lashed out in his normal reserved manner. President Trump must know that inflation will increase as his tariffs work their way through the economy in coming months. Chair Powell discussed the inflationary impact of tariffs on inflation expectations in his presentation. “ Tariffs are highly likely to generate at least a temporary rise in inflation. The inflationary effects could also be...
