According to BlockBeats news, on September 24, Fed Chairman Powell stated that the U.S. is currently generating a considerable amount of revenue from tariffs. The process of tariffs being passed on to consumers has been later and smaller than expected. It appears that U.S. importers, rather than consumers, are bearing most of the tariffs. The impact of tariffs on consumer inflation “is not a major factor,” and we expect tariffs to be a one-time transmission effect that will end by the end of next year. Ensuring that tariffs do not trigger long-term inflation “is our responsibility.” Both goals must be equally prioritized, and the labor market and inflation are becoming more balanced, but there are still downward risks in the labor market. (Jin10)
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