Fmr. Fed Governor Mishkin: I'm taking inflation data with a grain of salt

Well, always you don't want to pay too much attention to one number, but part of the big issue here is what the tariffs are going to do to prices and uh and we just don't know how long the lags are going to be. So, think about the situation for a firm that's that's importing goods. Uh they may have a lot of inventories that in fact were not subject to the tariffs and in fact it's only the stuff that's going to come to them uh uh in the future that that's the problem.So, they're not going to necessarily rais ...