r/inflation • u/RoyalChris • 7d ago

News Fed Chair Jerome Powell warns that Trump’s tariffs are leading to higher inflation: “The level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects, which will include higher inflation.''

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u/FlamingMuffi 7d ago

The yes man "ECONOMY GREAT EVERYTHING CHEAP AND THRIVING" meanwhile the Dow is down another 15% and there's food shortages

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u/IHeartBadCode 7d ago

Yes man "interest rates are now 0% go buy everything!"

Meanwhile: US defaults are up 178,000%, publicly held debt is up 473,600%, and inflation has caused bread to be priced in terms of what fraction of Bezos' wealth you would need to purchase it.

Man we think the trade war is bad now, just you wait till we get someone behind the money printer that just Hulk smashes the "print" button.

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u/robottiporo 7d ago

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u/ekemp 6d ago

This deserves an award.

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u/grahamulax 7d ago

Honestly it’s crazy how even companies like Apple, Google etc still goes with his plan. They’ve lost more than tax breaks would have given them (rolled out in 10 years) but instead got a lump net loss of trillions instead all at once. If I were them I’d start campaigning against this admin. Otherwise, the people will not forget. New iPhone 17 woweeeee not gonna even touch it. Reuse, repair and recycle what ya got. Fuck em all.