Milan: Tariffs Won’t Cause Inflation, Contrastive Views Emerge Within Fed

Federal Reserve nominee Stephen Milan has boldly asserted that tariffs do not cause inflation, arguing they are instead a reflection of broader global economic trends. His perspective stands in stark contrast to other Fed officials, including President John Williams who suggests tariffs could ignite inflationary pressures. This divergence within the institution sparks debate about the future direction of monetary policy and its potential impact on the economy.