Asks about timeline for tariff price increases to pass through (3-6 months) and whether jobs become a threat to the economy as a result.
Edward Lawrence
Jerome Powell
Explains tariff inflation takes time to fully take effect - announcement, implementation, then months for shipping and full impact.
Jerome Powell
If no new major tariff announcements, goods inflation should peak in first quarter or so of next year.
Jerome Powell
After peaking, should start coming down in back half of next year if no new tariffs announced.