Fed Chair Jerome Powell said Friday that the Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth.
Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes are “highly likely” to lead to “at least a temporary rise in inflation,” but added that “it is also possible that the effects could be more persistent.”
“Our obligation is to … make certain that a one-time increase in the price level does not become an ongoing inflation problem,” Powell said in remarks delivered in Arlington, Virginia.
He also said inflation is back down after Bidenflation.
FED CHAIR SAYS: “INFLATION IS BACK DOWN TO MUCH MORE NORMAL LEVELS, BUT…”
Jerome Powell says the inflation from 2021 and 2022 are still being felt, but things are in place to soon feel a drop for Americans. pic.twitter.com/b2ZVEs1I7B— Real America’s Voice (RAV) (@RealAmVoice) April 4, 2025
The tariffs are expected to cause short-term issues but long-term gains. Don’t panic.
President Trump calls on Fed Chairman Jerome Powell to cut interest rates as the 10 Year Treasury has fallen below 4%. He’s always late in addressing issues.
He wrote on Truth Social:
“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always “late,” but he could now change his image, and quickly. Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months – A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”
We all know Powell won’t do it.
Keep perspective:
Perspective is important.
— Zenmonkey (@Karmamonkey1776) April 4, 2025
Here is some more perspective:
Stephen Miller just PERFECTLY outlined why tariffs are necessary
“Why should America protect the world, send foreign aid to the world, defend the world, provide for the world, and in exchange, get ripped off by every other country in the world?” pic.twitter.com/lgqPFnLVSZ
— Nick Sortor (@nicksortor) April 4, 2025
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It’s all horse $hit. Abolish the FED. The deep state is going for death by a thousand cuts. The only option is to confiscate the knives before they get a chance to make their cuts.
“What might happen”??? Thought he knew it all!!!
There’s not going to be any other way for a correction to happen without at least a short term recession happening. Any other conclusion is magical thinking.
It’s the property and housing bubble’s that were artificial manufactured from the decades of bailouts is what has to be corrected. They’ve been staving off letting that correction happen for a few decades now is why were in this predicament to begin with. The only way to bring the cost… Read more »
At least 20% of our economy is made up of funny money from frivolous bailouts, that money doesn’t exist in the economy in actuality.
They borrowed from peter to pay paul and never repaid the loan. Hello!.
It’s like Milton Friedman Explained, revenue has to equate to the value of commodities that exists in actuality. Currency has no value whatsoever if there are no material commodities. It’s the only way you can place a true value on a currency. Right now if they called for a review… Read more »
How it all began. If you want a good laugh watch this video. https://raystevens.com/obama-budget-plan/