prices are rising

[VitaMan]

Fed's Powell issues new Trump tariffs warning

Federal Reserve Chair Jerome Powell warned that President Donald Trump's tariffs are pushing consumer prices higher and would continue to do so over the coming months.

"The effects of tariffs on consumer prices are now clearly visible. We expect those effects to accumulate over coming months, with high uncertainty about timing and amounts," Powell said.


Thanks, Trump.

[TheDaliLama]

Just barely. Inflation will alway exist no matter how low it gets. Meanwhile incomes have risen faster that inflation.

Tariff fear mongering is all the Libtards got.

[VitaMan]

Just wait

Effects of tariffs are already clearly visible and just getting started

[1blackman1]

Originally Posted by TheDaliLama

Just barely. Inflation will alway exist no matter how low it gets. Meanwhile incomes have risen faster that inflation.

Tariff fear mongering is all the Libtards got.

Thank your blue states for making that happen by raising their minimum wages. Otherwise, the wage rates would not have kept up with inflation. Tariffs are about to really kick in as pre-tariff inventories run out. Along with coming layoffs, increased bankruptcies and anemic jobs added, it might not look so hot in the next quarter

[Tiny]

Originally Posted by 1blackman1

Thank your blue states for making that happen by raising their minimum wages. Otherwise, the wage rates would not have kept up with inflation. Tariffs are about to really kick in as pre-tariff inventories run out. Along with coming layoffs, increased bankruptcies and anemic jobs added, it might not look so hot in the next quarter

I agree with you and Vitaman that tariffs will cause inflation to be higher than it would be otherwise. I don't believe they will push inflation nearly up to the level of 2022. You can mostly blame that on too much stimulus spending by Democrats and dovish Fed policy. ChatGPT is telling me that those policies, in 2021 and 2022, still have a residual effect on inflation today.

States and cities should set minimum wages at whatever levels they see fit, and often increasing minimum wages makes sense. That said, I don't buy into your belief that increases in minimum wages in blue states resulted in significant increases in real wages, nationwide and across all jobs.

Btw, Please note the following record for growth in real (inflation adjusted) hourly compensation:

Obama, first term: +0.2%
Obama, second term: +4.7%
Trump, first term: + 11.6%
Biden: -2.0%

https://fred.stlouisfed.org/series/COMPRNFB

I don't believe that the party of the president has as much to do with real wage growth as other factors, although Biden with his inflation-igniting American Rescue Plan may have been an exception. I'm just bringing this up because you keep asking how the economy did or is doing under President Trump.