He’s lying. I work for a major steel company and we’re paying the tariffs on all the imports used to build this place.
Jerome Powell: "We're now collecting a good bit of revenue, 3 or 400 billion dollars a year pace [from tariffs]."
"Who's paying that? So far, it looks like it's the middle group, retailers and importers, they're not passing along to consumers that much of the cost."
"The actual impacts on inflation have been quite modest so far. It's a small amount."
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