๐บ๐ธ President Trump says tariffs have had "ZERO" impact on inflation.
Powell "has been whining like a baby about non-existent inflation for monthsโฆCUT INTEREST RATES JEROME."
President Trump is at it again, criticizing Jerome Powell's stance on inflation and interest rates. Trump claims tariffs haven't impacted inflation, while Powell has been cautious, suggesting the Fed needs time to assess the economy's response to tariffs and immigration policies. Here are the key points:
Trump's Tariff Claim: Trump asserts tariffs have had "ZERO" impact on inflation, contradicting some economic analyses that suggest tariffs can lead to higher prices.
Powell's Stance: Powell has kept the Fed cautious, refraining from drastic actions while monitoring the economy's response to Trump's policies.
Interest Rate Call: Trump is urging Powell to cut interest rates, saying, "CUT INTEREST RATES JEROME." However, the Fed typically operates independently, making decisions based on economic data.
It's worth noting that the relationship between tariffs and inflation is complex, and economists continue to debate the impact of trade policies on economic indicators.