Why no Tariff Inflation?

And Why Haven't they Yet

We’ve seen essentially zero tariff inflation after 4 months.

Jerome Powell keeps warning it's right around the corner. While Secretary Bessent claims tariffs “cannot” cause inflation.

So who's right.

Inflation and Tariffs

In a recent interview with Larry Kudlow, Treasury Secretary Bessent claimed tariffs "cannot be inflationary."

Because unless you're printi…