Fed board governor Miran is Trump’s lackey at the Fed.
He is talking rubbish on tariffs:
- The downside of tariffs has been nowhere near what people predicted
- Tariffs have had no material signs of growth drag, inflation spike
- Don’t think cost of tariffs will be passed on to consumers
- Burden of tariff cost will fall on exporting countries
This article was written by Eamonn Sheridan at investinglive.com.