"Fed chair won’t take orders from Trump—and that’s got Trump fuming."
"President Donald Trump erupted at Federal Reserve Chair Jerome Powell—again—after he correctly warned that Trump’s chaotic tariffs would fuel inflation and drag down the economy.
Speaking Wednesday at the Economic Club of Chicago, Powell said that the administration’s t…
"Fed chair won’t take orders from Trump—and that’s got Trump fuming."
"President Donald Trump erupted at Federal Reserve Chair Jerome Powell—again—after he correctly warned that Trump’s chaotic tariffs would fuel inflation and drag down the economy.
Speaking Wednesday at the Economic Club of Chicago, Powell said that the administration’s trade war is “highly likely” to drive up prices, with the potential for more lasting damage. Markets tanked in real-time as he spoke.
“Tariffs are highly likely to generate at least a temporary rise in inflation. The inflationary effects could also be more persistent. The level of the tariff increases announced so far is significantly larger than anticipated. The same is likely to be true of the economic effects, which will include higher inflation and slower growth,” Powell said." (Daily Kos)......
"Fed chair won’t take orders from Trump—and that’s got Trump fuming."
"President Donald Trump erupted at Federal Reserve Chair Jerome Powell—again—after he correctly warned that Trump’s chaotic tariffs would fuel inflation and drag down the economy.
Speaking Wednesday at the Economic Club of Chicago, Powell said that the administration’s trade war is “highly likely” to drive up prices, with the potential for more lasting damage. Markets tanked in real-time as he spoke.
“Tariffs are highly likely to generate at least a temporary rise in inflation. The inflationary effects could also be more persistent. The level of the tariff increases announced so far is significantly larger than anticipated. The same is likely to be true of the economic effects, which will include higher inflation and slower growth,” Powell said." (Daily Kos)......
https://www.dailykos.com/stories/2025/4/17/2316983/-Fed-chair-won-t-take-orders-from-Trump-and-that-s-got-Trump-fuming