FOMC minutes from last meeting are out. Fed staff anticipate that Trump tariffs will push consumer prices up www.federalreserve.gov/monetarypoli... - ThreadSky

crampell.bsky.social • 3 days ago

FOMC minutes from last meeting are out. Fed staff anticipate that Trump tariffs will push consumer prices up

https://www.federalreserve.gov/monetarypolicy/fomcminutes20250129.htm

Comments

tuckingfired.bsky.social•3 days ago

Let’s hope so. We need all our worst nightmares to come true. It’s the only way to stop this madness.

annleftwapo.bsky.social•2 days ago

I agree but it’s not in any way a good feeling.

cdnhelp.bsky.social•3 days ago

Well Catherine I would love to be the one with my hands on the shut valves and wire cutters in my pocket and then you all squeal. From a Canadian point of view

stevennicholson.bsky.social•3 days ago

Trump will blame Biden for the increased CPI ...

rosie1972.bsky.social•3 days ago

markwhittier.bsky.social•3 days ago

Will working-class voters in Red States be able to connect the dots when Trump's tariff inflation hits them in the pocketbook?

squizzradical.bsky.social•3 days ago

He’s going to try to fire everyone at the Fed, and he can’t. There’s a reason they’re not part of the government.

n83z01qbui.bsky.social•3 days ago

@carlquintanilla.bsky.social

crampell.bsky.social•3 days ago

From description of FOMC members' discussion on factors that might push inflation up or down this year. "Business contacts in a number of Districts had indicated that firms would attempt to pass on to consumers higher input costs arising from potential tariffs"

pmargulies.bsky.social•3 days ago

Surprise! Surprise!

scaredykathy48.bsky.social•3 days ago

What do they mean by "attempt"? Of course the costs of the tariffs will be passed on! Gotta protect that bottom line, you know.

pinkybum.bsky.social•3 days ago

What would stop them "attempting" to pass on the cost?

kprclc.bsky.social•2 days ago

If the market won’t bear the increase - ie consumers won’t pay the higher price & cease to buy the item(s).

00johndillon00.bsky.social•3 days ago

I'm one of those firms. Will be passing 100% of the cost along to my customers which will include my markup on top of it. Retailers will again add their markups to this already inflated cost and pass on to the end customer as well. So the tariff gets stepped on twice and passed along.

atxdweller.bsky.social•3 days ago

And yet Trump’s lie will still be dearly held by the faithful.

lillysrouter.bsky.social•3 days ago

At this point the constant threat of tariffs will have up pressure on both actual price and, more importantly, consumer perception of future prices. There are things I am buying now that are entirely b/c of the threat of future tariffs and/or shortages. I can't be the only one.

politiclyhomeless.bsky.social•3 days ago

Maybe someone can explain this to me. Trump says that tarriffs will not increase prices, but the goal seems to be to have more things manuafactured in the US, which only happens if prices go up on the stuff we import. What am I missing?

stevennicholson.bsky.social•3 days ago

You got it, Trump’s wrong. Tarriffs lead to higher prices.

As I understand, tariffs raise import prices, a classic protectionist move to make domestic production competitive. But in reality, U.S. manufacturers match those higher prices, driving up costs for consumers, which fuels inflation.

coloneltompeeping.bsky.social•2 days ago

I'm glad this is understood by some some people left in important positions (for now).

mrxrules.bsky.social•3 days ago

All of Wall Street looking for interest rates to go down, they'll be lucky if they just stay the same instead of going up.

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