Fed's Musalem: New Trump tariffs won't impact economic outlook if they follow one-for-one structure

Prices have not returned to pre-pandemic levels

What the hell is "one-for-one structure" ???

Ah okay. I understand:

One for Trump, one for his family.
Then one for Trump, one for Kushner.
Then one for Trump, one for Lutnick.
Then one for Trump and one for .......... Trump.
And the rest ...... for Trump....

Very good for the U.S. economy

when was the last time you saw deflation in any major country besides Japan?

Apologies for butting in, but perhaps Switzerland recently? Some small single digit negative numbers if I recall correctly.

levels

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