Tariffs and a devaluating currency are a double whammy of inflation on imports. ... | Hacker News

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		pavlov 7 months ago \| parent \| context \| favorite \| on: The US dollar is on track for its worst year in mo... Tariffs and a devaluating currency are a double whammy of inflation on imports. It will be reflected in overall inflation statistics, and that limits the Fed’s ability to cut rates.

thrance 7 months ago [–]

> that limits the Fed’s ability to cut rates.

Only insofar as it remains sort of independent. Trump has ranted several times already about taking control of the thing and forcefully cutting rates.

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