James Bullard Sees 'Much More to Come' on Trade War

The transcript discusses the articulation of trade policies, focusing on the impact of tariffs on GDP and inflation. It highlights the uncertainty in future trade relations, particularly with the EU, and examines consumer price sensitivity post-pandemic. The discussion also covers the Federal Reserve's response to inflation and growth effects, emphasizing the importance of inflation expectations and potential economic impacts of tariffs.

Discuss the potential impact of tariffs on consumer behavior as mentioned in the text.

What is suggested as a possible response from the EU to the tariffs imposed by the US?