Comment on Powell confirms that the Fed would have cut by now were it not for tariffs

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nickwitha_k@lemmy.sdf.org ⁨5⁩ ⁨days⁩ ago

unless productivity growth itself is negatively impacted by tariffs

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).

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