Fed Chair Jerome Powell just said that the Fed would have cut interest rates if not for Trump’s tariffs. Trump’s tariffs are to blame for rising costs.



https://v.redd.it/xgrcm2btzw8f1

by Miserable-Lizard

25 comments

  1. Thank you Mr. President for taxing the working class! Remember when prices were supposed to drop on day 1?

  3. I appreciate his honesty on tariffs but the labor market is only strong for those with jobs. Currently trying to find employment is damn near impossible.

  10. And a collective “no shit sherlock” from everyone who understands math or or took an econ class.

  11. Don’t you guys realize that we are screwed either way? Why is low interest rates a ” Good thing” in this environment?

    You want lower interest rates so that you can perpetually stay in debt?? I dont understand

  13. Trump and Powell have opposite goals as we sleep walk into a war over nukes.

  14. Yeah right he’s just trying to defer blame to anyone but himself. Inflation has been killing is more a number of reasons other than trump.

  15. Please give Jerome a face lift and Korean skin care routine!! Homie is rotting 😭😭😭

  16. Honestly guys – the tarrifs are not the best vehicle to accomplish his goal – but his goal is the right one.

    Bringing back more manufacturing in house will long term help the US.

    Despite what the media tells you – manufacturing wages are higher than many jobs and the work is good. Gone are the days of dangerous conditions and filth.

    I’ve worked in manufacturing my whole career and have seen the gambit of places – and it’s not a poor career path.

    It pays well and that money flows into the economy to buy more products.

    His idea is to bring more manufacturing back, get companies to pay high wages while keeping cost down and liquidity circulating.

    Henry Ford had the same insight which is what drove his $5/$6 day wage.

    It wasn’t altruism but pure business sense. When you pay high wages, keep product cost low to the consumer and improve the manufacturing process by removing waste – you in the end get more business through increased consumer spending.

    You effectively cap you profit margin.

    Our business leaders have been run by guys who understand money but not business. By outsourcing work to other countries – you cut out the purchasing power of those here. They make more profit on paper for a while until purchasing power runs out here.

    And you know what – it’s working.
    Manufacturing companies are already setting up factories here.

    It started during COVID especially but has cranked into high gear.

  17. Only dumb people think trump is the savior of the working class!
    Gas here in Northern Michigan is up to $3.38

  19. * Israel and Iran “ceasefire” gets broken
    * His Nobel peace prize nomination gets withdrawm
    * An article of impeachment against him was voted on today. It failed, but it’s still a big deal we are at this point.
    * Now Jerome Powell, who he nominated btw, is saying his tariffs are the reason prices are high, which is 100% true.

    Lol. What a shitty day it has been for him.

  21. He stated the Economy is strong,job market is strong so he’s going to wait and see. I don’t see anything wrong with that.

  22. **Chairman Powell is right, of course. But what’s ailing the U.S. economy isn’t just our president from hell’s self-punishing tariffs.**

    In just five months, Trump’s bad ideas, big mouth, malicious stupidity, DOGE vandalism, outrageous ICE follies, antagonizing and alienating of America’s friends and allies, reckless and unconstitutional warmaking, and relentlessly erratic behavior have wreaked havoc throughout the country, our government, our economy and the world.

    Businesses, investors, workers and consumers prefer an environment that’s strong on common-sense leadership, stability and safety.

    Clown-car buffoonery and freestyle evildoing ensure the opposite of all that.

  24. Nobody in DC has a spine because Powell took them all I guess.

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