Reported about 9 hours ago
Stephen Miran, the White House's chief economist, has dismissed concerns that increased tariffs will significantly affect U.S. inflation, noting that imports constitute only 14% of the economy. He highlighted recent data showing slower consumer price increases and expressed confidence that inflation pressures will ease, allowing for potential interest rate reductions. Miran also emphasized that American importers can adapt by sourcing products domestically or from more favorable trade partners.
Source: YAHOO