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  "path": "/2026/04/13/federal-reserve-without-tariffs-inflation-would-have-dropped-to-pre-pandemic-levels-during-2025/",
  "publishedAt": "2026-04-13T16:00:13.000Z",
  "site": "https://reason.com",
  "tags": [
    "Economics",
    "Inflation",
    "Tariffs",
    "Donald Trump",
    "Economy",
    "Federal Reserve",
    "Free Trade",
    "Trump Administration"
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  "textContent": "Silhouettes of consumers with red arrows pointing up",
  "title": "Federal Reserve: Without Tariffs, Inflation Would Have Dropped to Pre-Pandemic Levels During 2025"
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