Batya Ungar-Sargon, a MAGA Lefty, defended Trump's trade policies during a CNN discussion, criticizing Federal Reserve Chairman Jerome Powell for his remarks on tariffs. She suggested that a president advocating for the middle class should have the support of the Fed. Despite Powell's responsibility to maintain economic stability, Ungar-Sargon argued for lowering interest rates during inflationary times, a notion countered by Charlotte Howard from The Economist, who explained that such action would exacerbate inflation rather than alleviate it. Ungar-Sargon's comments reveal a fundamental misunderstanding of economic principles related to inflation and interest rates.
It's kind of weird that Jerome Powell is out there opining on the tariffs. Like his job is to help stabilize the economy, and it seems like he's not doing it because he wants to stick it to Trump.
What would be a really good idea right now to help bring down inflation and make sure that things keep running smoothly? It's dropping interest rates. Why doesn't he do that?
Collection
[
|
...
]