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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Briggett · T

I don’t think J Powell can be bullied into cutting the prime interests rates on what the president tries to do.
So for so good. The right man the right job at the right time.

PicturesOfABetterTomorrow · 41-45, M

@Briggett Imploding the global economy is good to you?

whowasthatmaskedman · 70-79, M

@PicturesOfABetterTomorrow Some people just love Koolaid😷

KunsanVeteran · M

@Briggett I don’t know. Look at all the screwups tRUMP and his misadministration of misfits have already perpetrated. Three months and more mayhem and chaos than any other Republican can wield in 4 years!

KunsanVeteran · M

@PicturesOfABetterTomorrow I think the intended message was that Powell can lead the country to weather the storm as well as anybody and better than most.

It’s mitigation of the damage until we get Demented Donnie in prison where he belongs!

Briggett · T

@PicturesOfABetterTomorrow if he wasn’t in charge of fed things would worse than they are now.
You notice the president has stopped making all of noise since the market has been on the slide. He’s known who controls the economy ain’t him.

KunsanVeteran · M

@Briggett He’s hiding out at his golf course for some Saudi based tournament.

PicturesOfABetterTomorrow · 41-45, M

@KunsanVeteran And well on Truth Social he just admitted he is crashing the economy on purpose.

PicturesOfABetterTomorrow · 41-45, M

@Briggett Shifting the blame to some imaginary cabal doesn't help anyone.

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Briggett · T

@PicturesOfABetterTomorrow if it’s good enough for you then it’s even better for me.

Briggett · T

@Briggett how about that guy named Jay. He didn’t back down and he had Layla on his knees, begging Jay please, ease his interest rates. It ain’t happening anytime soon because he ain’t got nobody he just depend on.