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

This page is a permanent link to the reply below and its nested replies. See all post replies »

KunsanVeteran · M

GWB handed President Obama a huge mess. And President Obama just went about fixing everything that he could and moving our country forward.

tRUMP tried to break everything that President Obama had repaired and handed President Biden another huge mess.

President Biden did a good job—navigating the US through the pandemic that tRUMP mishandled and bringing our economy in for a smooth landing from the tRUMP inflation, steady job growth, tackling long overdue infrastructure…

And already tRUMP has made it a massive train wreck.

Briggett · T

@KunsanVeteran what funny and people still thinks he’s doing a fantastic job. 400k people without a job. Good work Brownie!

KunsanVeteran · M

@Briggett Really? People think he’s doing a good job? I see rage around here. And we’re approaching a flash point where violence will be inevitable.

His “failure curve” is in the exponential growth phase with no de acceleration in sight.

PicturesOfABetterTomorrow · 41-45, M

@KunsanVeteran I think they are referring to the TFGs.

Captain · 61-69, M

@KunsanVeteran I think you're right but its almost too late isnt it. Does anybody want the US to go into rebellion - absolutely not - that would be mental. Europe really looks vulnerable here.

KunsanVeteran · M

@Captain The longer we wait, the more violent it will be

BUT

What he is doing cannot stand! We are a society of rules, laws, and order. tRUMP and his misadministration have only one goal: to utterly destroy that society!