Thursday, March 20, 2025

Fed Chair Powell: Trump 'Turmoil' Making Inflation Worse

Federal Reserve Chairman Jerome Powell warned Wednesday that President Donald Trump's tariffs and the "turmoil" surrounding his administration are expected to cause inflation to rise this year. An increase in unemployment figures is also expected, he told reporters Wednesday after a two-day meeting of the Federal Open Market Committee, in addition to "somewhat elevated" inflation moving the previously anticipated 2.5% estimate to 2.8% by year's end. "A good part of it is coming from tariffs," Powell explained.

Posted by censored at 03:30 PM | 26 COMMENTS | permalink

More

www.cnn.com/2025/03/19/e ...

"Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses " a lot of it stemming from the Trump administration's "turmoil," he said."[image or embed]

" Thomas Jacobs (@twj1985.bsky.social) March 19, 2025 at 4:21 PM

Comments

Hair Furor is deliberately crashing our economy, and the GOP has nothing to say about it. Almost like they are also cashing in.

#1 | Posted by censored at 2025-03-19 07:30 PM

...aggressive economic agenda.

AKA "Monkey with a Machinegun". LOL.

#2 | Posted by REDIAL at 2025-03-19 07:44 PM

... Federal Reserve Chairman Jerome Powell warned Wednesday that President Donald Trump's tariffs and the "turmoil" surrounding his administration are expected to cause inflation to rise this year. An increase in unemployment figures is also expected, he told reporters ...

But a few short months ago, Wall Street was expecting multiple rate cuts in 2025 ...

Wall Street closes higher for third session on rate cut optimism (May 2024)
www.reuters.com

... However, data on Friday showed U.S. job growth slowed more than expected in April, taking pressure off the U.S. central bank to keep rates higher for longer. Coupled with earnings season in corporate America surprising to the upside, this has given investors renewed positive moment in recent sessions.

After the Fed last week signaled it was leaning towards eventual reductions in borrowing costs, but wanted to gain "greater confidence" that inflation will continue to fall before cutting rates, policymakers reiterated that message on Monday.
Richmond Fed President Thomas Barkin said the current interest rate level should cool the economy enough to return inflation to the central bank's 2% target, with the strength of the job market giving officials time to wait.

Barkin, a voter this year on interest rate policy, added that inflation "data whiplash" supported the Fed's deliberative policy towards interest rates.

Meanwhile, Federal Reserve Bank of New York President John Williams said while rate cuts would happen, monetary policy was currently in a very good place. ...


#3 | Posted by LampLighter at 2025-03-19 07:53 PM

This Powell doesn't have an interest in me or you.
His interest is the Fed making max money off of me and you by creating our currency out of nothing and charging us interest for the privilege.
So ---- him. END th' FED

#4 | Posted by itchyp at 2025-03-20 03:41 PM

Furthermore it's repulsive to see TDS victims sucking a banker's AGENDA in the mistaken belief he works for them

#5 | Posted by itchyp at 2025-03-20 03:43 PM

Furthermore it's repulsive to see TDS victims sucking a banker's AGENDA in the mistaken belief he works for them

#5 | Posted by itchyp at 2025-03-20 03:43 PM | Reply | Flag:

Funny how the anti-establishment folks are now on their knees for the cabal who robbed them through inflation and usury for a hundred years.

#6 | Posted by lfthndthrds at 2025-03-20 03:57 PM

Furthermore it's repulsive to see TDS victims sucking a banker's AGENDA in the mistaken belief he works for them
#5 | Posted by itchyp

Funny how the anti-establishment folks are now on their knees for the cabal who robbed them through inflation and usury for a hundred years.
#6 | Posted by lfthndthrds

Your ignorance is profound.

But good job working in the anti-Semitic dogwhistle. Herr Musk would be proud.

#7 | Posted by censored at 2025-03-20 04:00 PM

via GIFER

#8 | Posted by fortfisher at 2025-03-20 04:17 PM

#8
Oh you.
You don't have to buy an ad anymore.

#9 | Posted by itchyp at 2025-03-20 04:28 PM

"Trump Makes Things Worse"

Soon to be replaced by---

"Trump Ruins Everything".

#10 | Posted by Zed at 2025-03-20 05:14 PM

This Powell doesn't have an interest in me or you.

#4 | Posted by itchy

Well, that's funny. Neither does Donald Trump.

Do you people actually go to bed at night thanking Trump that he protects you?

I guess I knew that you did but what a weird concept.

#11 | Posted by Zed at 2025-03-20 05:17 PM

Funny how the anti-establishment folks are now on their knees for the cabal who robbed them through inflation and usury for a hundred years.

#6 | Posted by lfthndthrds

Oh, I get it.

You think that Trump is some sort of REVOLUTIONARY that won't also rob you as blind as he already has been doing?

You never step back for even a moment and compare your toddler fantasies to reality, do you?

I don't guess we can expect you people to ever graduate from diapers?

Must be uncomfortable, walking around with all that sh-- hanging down your asses.

#12 | Posted by Zed at 2025-03-20 05:21 PM

"Do you people actually go to bed at night thanking Trump that he protects you?"

Trump is literally firing the people that protect them.

#13 | Posted by snoofy at 2025-03-20 05:21 PM

"Funny how the anti-establishment folks are now on their knees for the cabal who robbed them through inflation and usury for a hundred years."

Why were you okay with it during Trump's first term?
Why was Trump okay with it during Trump's first term?

Two questions you can't answer.
You never even thought about these questions before.
Thinking is just not a thing you're good at.

#14 | Posted by snoofy at 2025-03-20 05:24 PM

Trump is literally firing the people that protect them.

#13 | Posted by snoofy at

Trump is literally doing everything that he can to steal from them, hurt them, and make them suffer.

I get this picture of MAGA subsisting in spider holes, kind of like beetle larva in hibernation; a dreamlike, perhaps nightmare existence punctuated by getting on the internet and posting praises of the Orange rooster scratching the ground to fin them for dinner.

#15 | Posted by Zed at 2025-03-20 05:24 PM

The Establishment is the Billionaire Oligarchs and their Corporations.... the same people that Republicans just handed the Presidency and the Country to.

These rwingers who 'think' they are anti-establishment are truly the dumbest kids on the block.

#16 | Posted by Corky at 2025-03-20 05:28 PM

"Funny how the anti-establishment folks"

You're the most anti-establishment voice in this discussion.

You hate the Department of Education.
You hate the Department of Veterans Affairs.
You hate the Federal Reserve System.
In fact, you just said the Federal Reserve System cabal has been robbing us through inflation and usury for a hundred years.

You hate America.
Accept it and embrace it and destroy America with your hate.

#17 | Posted by snoofy at 2025-03-20 05:30 PM

Why were you okay with it during Trump's first term?

#14 | Posted by snoofy

Because their mindless robots?

#18 | Posted by Zed at 2025-03-20 05:30 PM

I'd expect more consistency from robots.

A robot that was programmed to think Russia was the greatest threat to American interests on the global stage, like Mitt Romney said ten years ago, wouldn't stop saying that -- unless it got reprogrammed.

#19 | Posted by snoofy at 2025-03-20 05:33 PM

Why were you okay with it during Trump's first term?

#14 | Posted by snoofy

Because they're mindless robots?

#20 | Posted by Zed at 2025-03-20 05:33 PM

I'd expect more consistency from robots.

#19 | Posted by snoofy

Yes.

It's more like they hold some sort of personal grudge against people like us and so, whatever we are for, they are against.

The word for that is ---------.

#21 | Posted by Zed at 2025-03-20 05:35 PM

These rwingers who 'think' they are anti-establishment are truly the dumbest kids on the block.

#16 | Posted by Corky at 2025-03-20 05:28 PM | Reply | Flag:

Says the guy who'd choke on a sausage just to keep the war in Ukraine going.

#22 | Posted by lfthndthrds at 2025-03-20 05:42 PM

"personal grudge"

Not only were they born on third base and think they hit a triple, they have a chip on their shoulder that it wasn't a home run.

#23 | Posted by snoofy at 2025-03-20 05:44 PM

Says the guy who'd choke on a sausage just to keep the war in Ukraine going.
#22 | Posted by lfthndthrds

You mean by not surrendering to your president's butch Russian boyfriend? Yeah, not all of us are surrender-monkeys or pride ourselves on stealing from a democratic nation defending itself from Russian aggression.

But I guess you find the taste of Putin's sausage delish.

#24 | Posted by censored at 2025-03-20 05:46 PM

"just to keep the war in Ukraine going."

Well, it certainly is anti-Establishment to want Russia to conquer Ukraine.
It goes against everything The West has stood for this nation was founded, as a matter of fact!

Rule of Law, replaced with Might makes Right.
And that's what you want for America too.

#25 | Posted by snoofy at 2025-03-20 05:47 PM

"Funny how the anti-establishment folks are now on their knees for the cabal who robbed them through inflation and usury for a hundred years."

Okay, so on one side we've got the cabal who robbed us through inflation and usury for a hundred years.
What, specifically, is the other option.
What is it that you are on your knees for?
Do tell!

#26 | Posted by snoofy at 2025-03-20 06:00 PM

Drudge Retort Headlines

Changes to Social Security (74 comments)

RFK: Bird Flu Should Be Allowed to Spread Unchecked (73 comments)

This Is How Tesla Will Die (63 comments)

'Hands Off Rally' Scheduled for April 5 Nationwide (54 comments)

Trump Orders Pentagon to Read-in Musk on China War Plans (40 comments)

Dolphins Greet Stranded Astronauts in Gulf of America! (40 comments)

DOJ May Invoke State Secrets Privilege in Deportation Case? (35 comments)

Putin just Called Trump's Bluff on Ukraine (33 comments)

Trump Signs EO Dismantling U.S. Department of Education (32 comments)

Tesla Kicked Out of Vancouver Auto Show (30 comments)