Fed Chair: Inflation Is Down But He’s Focusing on What Might Happen

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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.

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:

Here is some more perspective:

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Anonymous
2 months ago

“What might happen”??? Thought he knew it all!!!

ThinkAboutIt
2 months ago

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.

Anonymous
2 months ago

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.

Anonymous
2 months ago
Reply to  Anonymous

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 of housing down now is a correction, and that will lead to an inevitable recession. But it’s the wise thing to do.

And bringing back goods being manufactured in the US is also a much needed correction, for several reasons. That’s another if not the more important reason for the tariffs.

Anonymous
2 months ago
Reply to  Anonymous

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!.

Anonymous
2 months ago
Reply to  Anonymous

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 of the value of currency’s verses actual commodities held in existence, both the currency’s and the commodities would be over valued, but only because there is more currency in circulation than actual commodities held. Meaning there’s an imbalance, and an inevitable correction..

Last edited 2 months ago by Anonymous
Anonymous
2 months ago
Reply to  Anonymous

How it all began. If you want a good laugh watch this video. https://raystevens.com/obama-budget-plan/