alt Hacker NewsThey're mandated to raise interest rates in the event of structural inflation, not in the event of a one-time increase in prices. It would be silly if the government increasing the VAT required the fed to increase interest rates.
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beams_of_light • 04/03/2025
That's an odd, fundamentally disconnected mechanism that, I think, would have devastating impacts for Main St.
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Even if the tariffs work as desired, they result in persistently higher prices. Unless you're expecting American laborers to work for less than literal Chinese robots, I guess.