Federal Reserve Board nominee Milan: Tariffs will not trigger inflation

ChainCatcher news, Federal Reserve nominee Milan stated: Tariffs do not trigger inflation, and U.S. goods inflation has not deviated from global trends. Strengthening U.S. border control has a "deflationary effect," and my views on inflation are not solely influenced by monetary policy. The inflation of the 1970s was caused by the Federal Reserve's mistakes and supply shocks. The Federal Reserve confused nominal interest rates with real interest rates in the 1970s.