"Higher Inflation and Slower Growth"

 

“Looking ahead, higher tariffs will be working their way through our economy and are likely to raise inflation in coming quarters. We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation. While uncertainty remains elevated, it is now becoming clear that tariff increases will be significantly larger than expected. And the same is likely to be true of the economic effects, which will include higher inflation and slower growth.”  -- Federal Reserve Chairman Jerome Powell, speaking yesterday on the potential impacts of the Malignant Fascist's tariffs.

The Federal Reserve was established as an independent body to establish monetary policy, and meant to be free of partisan pressures. The MF doesn't care about regulations or the rule of law, so he tried to coerce Powell into lowering interest rates to give the economy a boost after his disastrous decision to engage in a global trade war. Pressure on one more institution to bend the knee to the fascistic MF.