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 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.

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 excessively politically correct.

"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."

This statement, although it seems fine in "name only", if faced with economic regulation, really doing this, really indulging inflation, the actual situation may not be very optimistic.

Only those who have experienced the painful 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 economic weakness can be revived with a "shot in the arm" to save the economy itself, then an economy under hyperinflation is more like a critically ill "patient" with multiple "complications," making you hesitant to use the "shot in the arm"; using it may not necessarily save the patient and could even accelerate its "death."

PS: Currently, the number of candidates for the Fed chair has exceeded ten, and to seize this "hot cake," many professionals have become overly politicized. Will the Fed chair elected this way really be good?