The article discusses a critical exchange between Bret Stephens and Gail Collins about Jerome Powell's effectiveness as chairman of the Federal Reserve amidst Trump's economic policies. Collins believes Powell has been restrained, despite the chaotic nature of Trump's tariff changes. Stephens argues that lowering interest rates could worsen inflation, while referencing the troubling impact of government overspending. The dialogue reflects broader concerns over Trump's actions and their implications for the economy, with a striking sentiment that a recession might awaken public awareness of Trump's threats to civil liberties.
"True, Powell did say the Fed was confronting rather daunting challenges in trying to deal with the chaos Trump has thrown the world economy into."
"At this point, I'd gladly take a recession if that's what it takes to wake Americans up to the threat Trump poses to our civil liberties."
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