White House economist Stephen Miran said President Donald Trump’s tariffs could raise prices, but suggested that was highly unlikely. “Rare events happen. We get pandemics or, or meteors or whatever,” the Council of Economic Advisers chair told CNBC. Many economists say they expect to see prices increase in the coming months.
A top White House economic advisor on Tuesday likened the odds that President Donald Trump‘s tariffs will lead to higher prices to those of a meteorite striking earth.
“Rare events happen. We get pandemics or, or meteors or whatever,” said Stephen Miran, chairman of Trump’s Council of Economic Advisers, on CNBC’s “Squawk Box.”
But “there’s just no evidence thus far of it happening,” Miran said.
Anchor Melissa Lee noted that Miran was equating tariff price increases with extremely rare events.
“I don’t mean to