Tariffs, Inflation, and Monetary Policy

This chapter explores the intricate relationship between tariffs and inflation, debating the inflationary pressures they create and their broader economic impacts. It examines the Federal Reserve's concerns about inflation expectations and the challenges of adhering to the traditional 2% inflation target in a rapidly changing fiscal landscape. The discussion encompasses fixed income investing strategies, the role of long-term bonds, and the implications of tax policies on investment decisions.