Comment on Powell confirms that the Fed would have cut by now were it not for tariffs
Delta_V@lemmy.world 1 week ago
That reasoning is sus.
The tariffs directly cause prices to go up. The inflation-like effect isn’t caused by too-rapid growth of currency supply, so lowering the growth rate & decoupling it from productivity growth risks stagflation.
nickwitha_k@lemmy.sdf.org 1 week ago
For small to medium businesses, it very clearly was. They got hit by sudden new expenses that they could not have budgeted for and sometimes with very unreasonable payment timetables (ex. a small, US-based electronics manufacturer that I am a frequent customer of was hit with $50k out of the blue with a demand that it be paid in two weeks).