Fed chairman says inflation may last longer with tariffs
File under "no shit, this country is under the thumb of a fucking imbecile"
https://finance.yahoo.com/news/powell-says-tariff-inflation-could-be-more-persistent-as-trump-urges-him-to-cut-rates-152503593.html?.tsrc=1340&ncid=crm_-1285232-20250404-189-&bt_user_id=AbucsPLLgMWtLqsEOB2TajOAXPXNFXqKTH7%2FWDLyHSNest22DzSbEWFm%2FLMOq4akDa5v%2BoZraeey%2FHGONoJbSN1WCclOqsTft14mfFbjNn9iTktt9FsMjtu0A1m%2Bz6QO&bt_ts=1743787082569
File under "no shit, this country is under the thumb of a fucking imbecile"
https://finance.yahoo.com/news/powell-says-tariff-inflation-could-be-more-persistent-as-trump-urges-him-to-cut-rates-152503593.html?.tsrc=1340&ncid=crm_-1285232-20250404-189-&bt_user_id=AbucsPLLgMWtLqsEOB2TajOAXPXNFXqKTH7%2FWDLyHSNest22DzSbEWFm%2FLMOq4akDa5v%2BoZraeey%2FHGONoJbSN1WCclOqsTft14mfFbjNn9iTktt9FsMjtu0A1m%2Bz6QO&bt_ts=1743787082569
Comments
I don't think *any* of them are that bright as...we are about $37 trillion dollars in debt. So all the supposed "bright" finance people, politicians, economists, Wall Street guys and others...what the hell?
I wonder what it would take for Powell to actually say "because of the Idiot-in-chief, its very hard for the Fed to figure out wtf to do"?