Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

Bernardo de La Paz

(54,455 posts)

4. No. Not at all. The opposite

Reply to gab13by13 (Reply #2)

Fri Apr 4, 2025, 12:47 PM

Apr 4

You read this:

“We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation,” he said at an event just outside Washington, DC. “While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent.”

You read that and go 180 degrees the other way.

Not quoted, but the follow on is that Powell said he wants to be sure that they prevent a belief in persistence of inflation taking hold.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

10 replies

= new reply since forum marked as read

Highlight:

Jerome Powell warns on Trump's tariffs: High inflation could be here to stay [View all] UpInArms Apr 4 OP

Good job MAGAts IronLionZion Apr 4 #1

So is Powell saying gab13by13 Apr 4 #2

No. Not at all. The opposite Bernardo de La Paz Apr 4 #4

It turns out Powell is a Dead-head and wears purple ties bc he likes it and now bc it is politically neutral Bernardo de La Paz Apr 4 #3

That's a nice factoid UpInArms Apr 4 #5

I see FED keeping interest rate as-is, or more likely to raise rates to fight the inflation caused by Trump IrishBubbaLiberal Apr 4 #6

You didn't bring rates back down that much when Biden was in office when you should have.... Bengus81 Apr 4 #7

This message was self-deleted by its author Mysterian Apr 4 #8

I'm glad I got my "I did that" stickers before the price went up Mysterian Apr 4 #9

re: "In 2022, the U.S. had a tariff rate of 2022" -- you meant to type 1.5% (n/t) thesquanderer Apr 4 #10