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But we saved everything 🙂.
Matthew Klein agrees with Warsh that most excess inflation is not primarily the result of tariffs.
He argues this makes the situation worse, as it implies inflation could persist even after all tariff increases have been fully absorbed.
Klein has previously analyzed sector trends, noting shifting U.S. wage growth in health care and cyclical industries. He also reported that the Russian government plans to use oil and gas windfall revenue to replenish its welfare fund. Both topics highlight fiscal responses to changing economic forces.