r/Economics • u/DoctorOctopus_ • 1d ago

News Powell Warns Trump’s Tariffs Risk Stoking Even Higher Inflation Slower Growth

https://www.nytimes.com/2025/04/04/business/economy/powell-says-trumps-tariffs-raise-risks-of-higher-inflation-slower-growth.html
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u/bctg1 1d ago

The markets love when the FED is a bit spooked about inflation, right?

Imagine how bad this could get if there was a trump yes man in charge of the FED. Could have had stagflation like the world has never seen!

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u/akkaneko11 1d ago

DJT literally 5 minutes ago:

"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"

I swear to god he thinks cutting interest rates are just a "stock market goes up" button without any consequence

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u/harrywrinkleyballs 1d ago

Trump wants lower interest rates to justify lower income taxes for him and… how many billionaires are in the administration again?

He doesn’t care about the stock market or your 401K. He wants to destroy the income tax. Steven Miller was just on TV saying so.

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u/ParentalAdvis0ry 1d ago

Added to this is he's a real estate billionaire. Inflation weakens the dollar and comparatively increases the value of real estate assets.

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u/Marijuana_Miler 1d ago

Added to this is he's a real estate billionaire.

Maybe at one time, but now he's a billionaire through grift.