Link seems broken? From what I’ve seen of what Powell has said, it seems to track with my post, e.g. “Our obligation is to keep longer-term inflation expectations well anchored to make certain that a one-time increase in the price level does not become an ongoing inflation problem,”
i.e. It’s not the price increases directly caused by a tariff or sales tax that they’re trying to prevent, it’s any knock-off effect in price expectations that causes additional inflation.
Link seems broken? From what I’ve seen of what Powell has said, it seems to track with my post, e.g. “Our obligation is to keep longer-term inflation expectations well anchored to make certain that a one-time increase in the price level does not become an ongoing inflation problem,”
i.e. It’s not the price increases directly caused by a tariff or sales tax that they’re trying to prevent, it’s any knock-off effect in price expectations that causes additional inflation.