Fed's Goolsbee: Tariff implementation far exceeds Fed's previous model predictions

Planet Daily News: Federal Reserve's Goolsbee stated that tariff implementation far exceeds our previous model predictions. The Federal Reserve must view the issue from a longer-term perspective, rather than being as volatile as the stock market. There are internal disagreements at the Federal Reserve about how quickly or to what extent tariff increases will be passed on to consumers, which could lead to supplier bankruptcies. They do not believe economists' predictions about tariffs causing inflation, as no inflation occurred during Trump's first term. (Jin Shi)