But I wasn't joking when I said that Powell said he wasn't seeing any increases in consumer prices. The question asked at today's Interest Rate Hike press conference (we all watched that, right?) was - more or less - as follows. (not quotes)
Reporter: Walmart and other companies have said that the tariffs will cause them to increase prices. What effect do you think that will have on your estimates for economic growth and future interest rate increases?
Powell: At this point I have not seen anything that indicates that the tariffs have had any impact on consumer prices. I can not speculate on any future impact the tariffs may have.