Tariffs Are Just the Excuse—Your Shrinking Dollar Is the Objective Atlanta Federal Reserve President Raphael Bostic took the stage in Frankfurt to deliver a carefully scripted confession: tariffs and “geopolitical developments” are going to keep inflation elevated beyond what any “standard textbook” predicts. In plain English: prices aren’t coming down anytime soon, and they damn well know it. Instead of calling it what it is—a prolonged assault on your savings—Bostic framed it as a mere byproduct of trade policy. He insisted this wasn’t a one-time spike in costs but rather a drawn-out inflationary slog that could last “a year or more.” That’s convenient timing, given the upcoming expiration of Trump’s 90-day tariff pause. Treasury Secretary Scott Bessent is already bragging…

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