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.

[1blackman1]

You could ask ChatGPT what the source of the rising wages are. You rely on it to inform everything else.

[Precious_b]

Originally Posted by Tiny

...
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

...

o.u.c.h.

[CPT Savajo]

Originally Posted by 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.

Powell wants to point the finger at Trump instead of the Fed's policies. A pure misdirection play by Powell. Going on a total fiat financial system in August 1971 is what has led up to this point. That's kinda like saying that "Elon Musk is the richest man in the world," and then everybody starts spreading the LIE. The richest person in the world is a owner/largest shareholder of a Central Bank. Not Elon. Mainstream media ALWAYS LIES.

[Lucas McCain]

Originally Posted by CPT Savajo

Powell wants to point the finger at Trump instead of the Fed's policies. A pure misdirection play by Powell. Going on a total fiat financial system in August 1971 is what has led up to this point. That's kinda like saying that "Elon Musk is the richest man in the world," and then everybody starts spreading the LIE. The richest person in the world is a owner/largest shareholder of a Central Bank. Not Elon. Mainstream media ALWAYS LIES.

Powell is/was just being conservative. Who knows how much or how little inflation will be when these tariffs fully kick in. He obviously thinks it will be the former and not the latter but just strongly hinted at a rate cut so he must be at least open to retiring in peace. Haha

As far as this central bank shareholder being the richest person in the world crap, you actually believe that silly myth? Do you even know what a central bank is and its primary function? Please tell us who this person is who is the largest shareholder in this central bank and in what country it exists. A comical link (should you provide) to your absurd assertion would be entertaining as well to those of us who don't wear tin foil hats.