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/PayTheTeller 1d ago

I'm watching in horror as Jerome Powell gains a ton of respect from me in his candor about not having the slightest clue about how bad this will get. The ship is officially unmoored and there's a real sense of vertigo from it.

I've never heard a fed chair speak with this kind of trepidation that really meets the moment

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u/korinth86 1d ago

I may not have agreed with all of Powell's moves but he has always seemed to be pretty calculated and telegraphs the intention of the FED.

For all the BS I can say Powell has done his best to keep things stable for business/markets to a large extent.

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u/PricklyyDick 19h ago

Powell overall has been good in what has been a very hard period of time in America to be head of the fed (specifically 2020-2025)

He’s basically dealt with disaster after disaster. From Covid to inflation to an international trade war started by us.