Inflation, Tariffs, and the Fed's Dilemma

This chapter examines the Federal Reserve's challenges in managing inflation and maintaining credibility amid political pressures. It discusses the tensions between economic policy and political influences, critiques past monetary decisions, and highlights the implications of recent tariff increases on consumer prices and economic strategies. Additionally, the chapter reflects on the Fed's cautious approach to interest rates and the shifting dynamics in trade relations, highlighting the need for introspection within the institution.