Like I've been saying, however large or small the inflationary effects from tariffs are going to be, they are highly likely to be transitory. However, they are going to happen, and the optics of cutting the policy rate into that--even if the tariff effects on inflation end up being small--are difficult for the Fed in the context of its mandate. The Fed can't stop certain types of inflation and shouldn't be expected to. But they can and should be accountable for letting inflationary impulses seep into inflation expectations. And to do that they have to be disciplined, apolitical, and patient.