Michael Hanson

Michael Hanson, Senior U.S. and Canada Economist, joins Nora Szentivanyi to discuss crucial insights on U.S. inflation trends amid tariff pressures. They highlight the persistent 3% inflation globally and explore how tariffs are driving up U.S. prices, with estimates suggesting core CPI could rise by 1–1.5 percentage points. The conversation touches on the timing of inflation peaks, the contrasting inflation dynamics in the U.S. versus the rest of the world, and the challenges firms face in absorbing these costs. A thought-provoking analysis on policy implications for central banks unfolds.