Tariffs can cause inflation. They do not factually cause inflation no matter what...
Powell admits the only reason they haven't cut rates is the tariffs.
He predicted inflation would rise because of the tariffs. He was wrong. Just as he was wrong about inflation being transitory in 2021.
The man is a fool.
He has not been wrong about tariffs contributing to inflation. He is not wrong that there are additional tariffs going into effect that will have additional contribution to inflation. He did not say they would wreck the economy as you claimed he said.
Fool?
There's a reason you're pretending you didn't hear the bit about Powell being completely wrong about inflation in 2021 and 2022 and 2023...
He thought inflation would rise substantially in April. He was wrong. He thought inflation would rise substantially in May. He was wrong. He thought inflation would rise substantially in June. He was wrong. He thought inflation would rise substantially this month. He was wrong.
You have to be a complete fool to be unable to figure out the man is incompetent.
He has not been wrong about tariffs contributing to inflation. He is not wrong that there are additional tariffs going into effect that will have additional contribution to inflation. He did not say they would wreck the economy as you claimed he said.
Fool?
There's a reason you're pretending you didn't hear the bit about Powell being completely wrong about inflation in 2021 and 2022 and 2023...
He thought inflation would rise substantially in April. He was wrong. He thought inflation would rise substantially in May. He was wrong. He thought inflation would rise substantially in June. He was wrong. He thought inflation would rise substantially this month. He was wrong.
You have to be a complete fool to be unable to figure out the man is incompetent.
And Powell said that inflation was "transitory" back in 2021. He's ALWAYS wrong.
Tariffs do factually cause inflation and I don’t recall him saying they would “wreck the economy”. Source?
Tariffs can cause inflation. They do not factually cause inflation no matter what...
Powell admits the only reason they haven't cut rates is the tariffs.
He predicted inflation would rise because of the tariffs. He was wrong. Just as he was wrong about inflation being transitory in 2021.
The man is a fool.
Walmart, Target, Proctor & Gamble and a host of others have cited tariffs for price increases. GM, Stellantis and others announced multi billion dollar losses due to tariffs and price increases will follow.
There's a reason you're pretending you didn't hear the bit about Powell being completely wrong about inflation in 2021 and 2022 and 2023...
He thought inflation would rise substantially in April. He was wrong. He thought inflation would rise substantially in May. He was wrong. He thought inflation would rise substantially in June. He was wrong. He thought inflation would rise substantially this month. He was wrong.
You have to be a complete fool to be unable to figure out the man is incompetent.
And Powell said that inflation was "transitory" back in 2021. He's ALWAYS wrong.
Inflation was transitory. It was high in 2021, came down significantly by 2023 and was heading back to a healthy 2% until Orange Man decided to shift the US tax burden from billionaires to working class people by implementing tariffs on consumer goods and massive tax cuts for the wealthy.
Also, Powell did not predict that there would be big spikes in inflation in April, May, etc. His comments on inflation have been very guarded noting that there was a lot of uncertainty about what tariff levels would be. He has at best adopted a wait and see approach with regard to whether we will see inflation as a result of tariffs.
A new report from the Council of Economic Advisers found that the prices of imported goods have fallen this year and have declined faster than overall goods prices since February.
And >20% cumulative inflation under Biden's 4 years is far worse than one company raising prices (which typically happens each year anyway).
Trump promised to lower prices on Day One.
He has done anything but. He has failed, in epic fashion.
Inflation under Biden was caused by COVID global supply chain interruptions. While painful, the US fared better than most countries.
Inflation under Trump is due to tariffs that he has imposed.
Lower prices? No. End wars? No. Stay out of foreign wars? No. End Washington corruption? He IS Washington corruption. End executove overreach that he complained about? Do it far more. Law and order? Pardon cop beaters, drug and human traffickers and corrupt politicians. On and on.
He has done anything but. He has failed, in epic fashion.
Inflation under Biden was caused by COVID global supply chain interruptions. While painful, the US fared better than most countries.
Inflation under Trump is due to tariffs that he has imposed.
Lower prices? No. End wars? No. Stay out of foreign wars? No. End Washington corruption? He IS Washington corruption. End executove overreach that he complained about? Do it far more. Law and order? Pardon cop beaters, drug and human traffickers and corrupt politicians. On and on.
Trump is a brilliant businessman and has used his extensive experience to make great deals - both for America and for himself. Vietnam gets a reprieve on tariffs (a great negotiating tool!) and the Trump organization gets a golf course.
End Washington corruption? He IS Washington corruption.
Trump is a brilliant businessman and has used his extensive experience to make great deals - both for America and for himself. Vietnam gets a reprieve on tariffs (a great negotiating tool!) and the Trump organization gets a golf course.
Everyone should be "crying" over that ridiculous, scheming appointment. Even you, who understand so little about the society you live in, should be crying about a guy with Emil Bove's credentials and mentality being a federal appellate judge.
Releasing the grand jury testimony will go a long way to getting some names made public.
See, this is why you are a boofee. You get suckered by every move Trump makes. Bondo was forced to admit in court today that the grand jury testimony that she and Trump pretend will be some major disclosure only has testimony from two witnesses - a FBI agent and a NYC cop. No victims, no eyeball witnesses, no co-conspirators. Trump knew that and Bondo knew that (and I knew that - post #34269) before they announced Bondo was going to try and unseal the transcripts. They knew you boofs would promote it like a fool's errand, while ALL the evidence and documents with Trump's name on it sits unreleased on Bondo's desk next to photos of her cats.
Walmart, Target, Proctor & Gamble and a host of others have cited tariffs for price increases. GM, Stellantis and others announced multi billion dollar losses due to tariffs and price increases will follow.
He has not been wrong about tariffs contributing to inflation. He is not wrong that there are additional tariffs going into effect that will have additional contribution to inflation. He did not say they would wreck the economy as you claimed he said.
Fool?
There's a reason you're pretending you didn't hear the bit about Powell being completely wrong about inflation in 2021 and 2022 and 2023...
He thought inflation would rise substantially in April. He was wrong. He thought inflation would rise substantially in May. He was wrong. He thought inflation would rise substantially in June. He was wrong. He thought inflation would rise substantially this month. He was wrong.
You have to be a complete fool to be unable to figure out the man is incompetent.
No pretending on my end. He is the smartest man in the world when you compare him to someone who claims that tariffs don’t impact inflation - that’s a special kind of stupid.
Walmart, Target, Proctor & Gamble and a host of others have cited tariffs for price increases. GM, Stellantis and others announced multi billion dollar losses due to tariffs and price increases will follow.
Everyone should be "crying" over that ridiculous, scheming appointment. Even you, who understand so little about the society you live in, should be crying about a guy with Emil Bove's credentials and mentality being a federal appellate judge.
White Europeans are disgusting! They sh!t in the streets!!!
What in the name of Christ are you talking about? Bove shat in the streets?!?!? When? Where? I've heard nothing of this. I think he's Israeli. One of those alleged "Ashkenazis" that everyone name drops these days.
Tariffs can cause inflation. They do not factually cause inflation no matter what...
Powell admits the only reason they haven't cut rates is the tariffs.
He predicted inflation would rise because of the tariffs. He was wrong. Just as he was wrong about inflation being transitory in 2021.
The man is a fool.
Walmart, Target, Proctor & Gamble and a host of others have cited tariffs for price increases. GM, Stellantis and others announced multi billion dollar losses due to tariffs and price increases will follow.
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