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If Inflation Is A Result Of Bad Policy, What Policies Is The GOP Proposing To Whip Inflation Now?
12 May 2026 8:01 pm
A February 2026 report from the Federal Reserve Bank of New York confirmed that U.S. consumers and companies paid nearly 90% of the cost of 2025 tariffs, rather than foreign nations. This "full pass-through" means importers passed almost all tariff costs on to consumers, equating to a roughly $1,000 yearly tax increase per average household.
Fed research indicated that by early 2026, tariffs accounted for the entire excess inflation in the core goods sector, with economists suggesting inflation would have dropped to pre-pandemic levels without them.