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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: PucksFool ✧✺🐝  😊 😞
Number: of 84362 
Subject: Fed member says what we all know
Date: 04/17/26 4:46 PM
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But Trump probably won't like to hear it.

Financial Times: Content 5a936d43 b46a 423d 9095 ec1cbd74895f
A top Federal Reserve official on Friday warned the Iran war has placed the US economy at risk of a Covid-19 pandemic-style inflation shock.

Fed governor Christopher Waller, who was one of the most dovish US rate-setters, warned the impact of higher oil prices on top of US President Donald Trump’s tariffs raised the prospect of a prolonged bout of strong price pressures in the world’s largest economy.

“I believe there is the possibility that this series of price shocks may lead to a more lasting increase in inflation as we saw with the series of shocks during the pandemic,” Waller said in a speech in Alabama.

His remarks highlight concerns among US central bankers that the Iran war will dent Americans’ trust in their ability to bring inflation under control.

Just a refresher on Waller: He is a Trump-47 appointee. He is, or was, the likely successor to Jay Powell as Fed chair.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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