Summary
Trump’s sweeping global tariffs are causing rising consumer prices, market losses, and job risks, but his administration defends them as necessary for long-term economic independence.
Critics warn the tariffs hurt low-income households dependent on cheap imports, especially from China.
Officials argue the American dream isn’t about “cheap baubles,” but higher living standards. However, economists say tariffs worsen inflation and housing affordability.
Despite past GOP support for cheap goods, MAGA allies now downplay short-term pain.
There an article going around Powell is looking to jump ship soon, he doesn’t want to get blamed for this
Shit. I feel like Powell is the only thing saving us from hyperinflation
Didn’t Trump pressure Powell into keeping the interest rates low during his last presidency when it would have been better to increase them?
He’s meh in my opinion, but who knows if we’d get someone better next time.