Citing Tariffs and Uncertainty, Fed Sees Higher Inflation and Lower Growth

[Hume]

Jerome Powell, the Fed chair, said that “further progress may be delayed” on inflation because of tariffs. Officials kept interest rates steady but signaled they may cut them twice this year.

Citing Tariffs and Uncertainty, Fed Sees Higher Inflation and Lower Growth

Jerome Powell, the Fed chair, said that “further progress may be delayed” on inflation because of tariffs. Officials kept interest rates steady but signaled they may cut them twice this year.

www.nytimes.com

 

[Walt]

Do you think we will hit double digit inflation before or after the 2026 elections?

 

[Walt]

No one has the guts to answer my simple question.

 

[Tbird19482]

No one has the guts to answer my simple question.

So far the FED nor any of the top economists are saying it will.
I have read they think it will go up 3 or 4 points and the GDP will drop several.
We will have to wait and see what Trump does, as of now all he is doing is causing havoc and a unstable economy.

 

[Walt]

So far the FED nor any of the top economists are saying it will.
I have read they think it will go up 3 or 4 points and the GDP will drop several.
We will have to wait and see what Trump does, as of now all he is doing is causing havoc and a unstable economy.

I did not think trump would be so stupid as to cause this much damage to the economy, this quickly.

 

[Tbird19482]

I did not think trump would be so stupid as to cause this much damage to the economy, this quickly.

Well it looks like he is.
And he has been told his tariffs could do some real harm to not only the US auto industry but construction and many other industries but for some reason he can seem to see it.

 

[Teflon Don]

Jerome Powell, the Fed chair, said that “further progress may be delayed” on inflation because of tariffs. Officials kept interest rates steady but signaled they may cut them twice this year.

Citing Tariffs and Uncertainty, Fed Sees Higher Inflation and Lower Growth

Jerome Powell, the Fed chair, said that “further progress may be delayed” on inflation because of tariffs. Officials kept interest rates steady but signaled they may cut them twice this year.

www.nytimes.com

Well the fed has never ever ever ever been wrong have they?

 

[Walt]

Well it looks like he is.
And he has been told his tariffs could do some real harm to not only the US auto industry but construction and many other industries but for some reason he can seem to see it.

trump does not care.