One of the candidates for the Fed chair, Mark Summerlin, published an article in the Wall Street Journal, which is summarized as follows:

Inflation is not a serious problem at the moment. Tariffs are equivalent to tax increases. Tax increases will reduce inflation because they will lower after-tax income.

If the Fed knew that the employment reports for May and June were so weak, they might cut interest rates by 25 basis points in June and July respectively.

The remarks are quite dovish, continuing to solidify expectations for interest rate cuts, but Mark's views are hard to agree with, as they seem overly politically correct.

"Inflation is not a serious problem at the moment. Tariffs are equivalent to tax increases. Tax increases will lower inflation because they reduce after-tax income."

This statement, although it has no issues "in name", if faced with economic regulation, really going to do this, really indulging in inflation, the actual situation may not be very optimistic.

Only those who have experienced the torment of hyperinflation can understand the horror of inflation and comprehend its deep harm to the economy, which is far beyond what can be compared to a short-term recession.

If we say that an economic downturn can be revived with a "shot of adrenaline," then the economy under hyperinflation is more like a critically ill "patient" suffering from multiple "complications," making you hesitant to use the "adrenaline shot," as it may not only fail to revive the patient but could also accelerate their "death."

PS: Currently, the number of candidates for the position of Fed Chairman has exceeded ten. In order to compete for this "hot potato", many professionals have become overly politicized. Will the Fed Chairman chosen this way really be good?