Chart of the century gives Powell gloomy glimpse of trade-war world

Bloomberg/Rich Miller and Vince Golle/7-10-2018

“A multi-colored graphic that’s made the rounds at the Federal Reserve hints at what Chairman Jerome Powell could face if President Donald Trump succeeds in throwing globalization into reverse: Higher prices for many goods and potentially faster inflation.”

USAGOLD note:  We alluded to this situation yesterday.  Cheap imports have kept inflation in check for at least the past decade.  The tariff and sanction programs global imports will likely remove that positive influence on prices.

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