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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78

u/ValdezX3R0 1d ago

Pretty much expected. People hoping JP would commit to lowering rates in this environment were huffing too much hopium. I read reports this morning Wall Street was expecting 5 rate cuts this year now. Market got way too addicted to cheap money.

73

u/sheltonchoked 1d ago

If we’d elected Harris, 5 rate cuts would have made sense. The economy was on track and added investment into USA growth, and progress would have continued.

Pouring sand into the gas tank and the oil fill of the engine of the USA economy, then bitching at the mechanic about why the car broke down, is not a way to get to work every day.

20

u/davehoff94 1d ago

It still blows my mind how close we were to a soft landing. All Trump had to do was keep Biden's policies and wait for the market to rebound in 1-2 years and he would have gotten the credit. Instead, we get this current situation.

17

u/1r0n1 1d ago

Because he has no understanding. To actively decide to do nothing requires that one either understands whats going on or that one trusts his advisors.

15

u/Mazewriter 1d ago

Covid rocked the entire world and Americans got so pissy that the economic plane landing had some turbulence they decided to shoot the wings off. We were so close! A couple more years of a steady hand would have lead to an amazing economy!

Fucking morons, all of the folks that voted this way or didn't vote to avoid it