Only the President's work on the, on the tariffs and the kind of economic chaos he was causing had caused them to delay and to delay and to delay. And another way to understand that is What the President's been doing on tariffs is not just a tax in the sense of driving prices up. it's a tax in the sense of keeping interest rates higher than they Otherwise would be. But of course, that goes to the other question you asked, and that is about the independence of the Fed. (02:27–02:34)
CLAIM
Asserts that tariffs are effectively a tax that increases prices.
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