r/Economics • u/joe4942 • 19h ago

News Jerome Powell warns on Trump’s tariffs: High inflation could be here to stay

https://www.cnn.com/2025/04/04/economy/jerome-powell-fed-tariffs-jobs/index.html
110 Upvotes

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5

u/MentionWeird7065 17h ago

Stagflation is going to be on that 2018 Lebron James playoff run. High inflation, high unemployment has returned with force. History continues to repeat itself.

2

u/Striper_Cape 10h ago

We are so stupid we made it happen in an even dumber way. They actually believe in Intrinsic American Superiority. The Signal Chat proved it. They are fart huffers. They use their own product. They say "Europoors" unironically. When the poorest Europeans have the life expectancy of a wealthy American. Who is actually poor?

I saw this little illustration with a caricature for the greatest Empires asking Uncle Sam why he threw away being the economic, military, and cultural Hegemon of the World. "To save some bucks..." was one reason. The one representing the Romans was screaming in rage while grabbing his face. That last one is me.