Tariffs likely to cause higher inflation and slower growth, Powell warns

“While uncertainty remains elevated, it is now becoming clear that the tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.”

— Federal Reserve Chair Jerome H. Powell

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whowasthatmaskedman · 70-79, M

The Tariffs ARE inflation, pure and simple. A consumer based tax under another name..😷

SomeMichGuy · M

@whowasthatmaskedman YES

whowasthatmaskedman · 70-79, M

@SomeMichGuy [media=https://youtu.be/GNqKj0Jz2Ak]
Of course. Shes only a woman. Trump will do a much better job😂

Captain · 61-69, M

@whowasthatmaskedman So that's sarcasm - I think thats risky because not every American reader will get it so 've put in this explanatory note setting the flag for you. Excellent point well made. Its also about tim eyoiu had a woman in charge. INHO none of them did a good job but the next president is going to have nothing to beat for sure.

whowasthatmaskedman · 70-79, M

@Captain I agree. But thats also the problem. Trump is turning out so apallingly terrible that if Steven Miller is the one to hold up trumps severed head and announces himself as "taking over" people will accept it out of desperation..Then the real trouble starts.😷

KunsanVeteran · M

@Captain Maybe we can get the Mexican President to take on the USA Oval Office next (I know, I know why we can’t do that but I can dream, can’t I?