The Federal Reserve's latest projections show that tariffs are not the primary driver of higher inflation forecasts. The post Breitbart Business Digest: The Fed Isn’t Buying the Media’s Tariff Panic appeared first on Breitbart.
According to Breitbart, the Federal Reserve's latest Summary of Economic Projections (SEP) indicates that the Fed isn't panicking about the inflationary impact of tariffs, viewing them as transitory and relatively small. Fed Chairman Jerome Powell stated tariffs contribute to higher inflation projections, but aren't the dominant factor. The Fed projects a minimal and short-lived impact on inflation from tariffs, even assuming full retaliation from other countries. Breitbart suggests the media is exaggerating the importance of tariffs, while the real story is the Fed's evolving understanding of overall economic conditions.
