Odaily Planet Daily reports that Federal Reserve spokesperson Nick Timiraos posted on X platform that a report from the San Francisco Fed indicates that tariffs will not raise inflation because tariffs increase uncertainty, suppress consumer and business demand, and thus cause a greater downward impact on economic growth.
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Federal Reserve Mouthpiece: San Francisco Fed Report Shows Tariffs Will Not Drive Up Inflation
Odaily Planet Daily reports that Federal Reserve spokesperson Nick Timiraos posted on X platform that a report from the San Francisco Fed indicates that tariffs will not raise inflation because tariffs increase uncertainty, suppress consumer and business demand, and thus cause a greater downward impact on economic growth.