If tariffs are implemented, they will lead to consumer price increases and higher inflation, potentially causing the Federal Reserve to alter its policy expectations for 2025.
"if these tariffs are implemented the tariffs will always the the the price increase will always get passed down to the consumer and if that's the case then they will be reflect uh or reflect a higher rate of inflation on our CPI reports and if that's the case then inflation will begin to go up and then if that's the case then the Federal Reserve will might have to change its course and previous expectations for 2025"
