prices are rising

Fed's Powell issues new Trump tariffs warning

Federal Reserve Chair Jerome Powell warned that President Donald Trump's tariffs are pushing consumer prices higher and would continue to do so over the coming months.

"The effects of tariffs on consumer prices are now clearly visible. We expect those effects to accumulate over coming months, with high uncertainty about timing and amounts," Powell said.


Thanks, Trump.

Just barely. Inflation will alway exist no matter how low it gets. Meanwhile incomes have risen faster that inflation.

Tariff fear mongering is all the Libtards got.

Just wait

Effects of tariffs are already clearly visible and just getting started

Just barely. Inflation will alway exist no matter how low it gets. Meanwhile incomes have risen faster that inflation.

Tariff fear mongering is all the Libtards got. Originally Posted by TheDaliLama

Thank your blue states for making that happen by raising their minimum wages. Otherwise, the wage rates would not have kept up with inflation. Tariffs are about to really kick in as pre-tariff inventories run out. Along with coming layoffs, increased bankruptcies and anemic jobs added, it might not look so hot in the next quarter

Thank your blue states for making that happen by raising their minimum wages. Otherwise, the wage rates would not have kept up with inflation. Tariffs are about to really kick in as pre-tariff inventories run out. Along with coming layoffs, increased bankruptcies and anemic jobs added, it might not look so hot in the next quarter Originally Posted by 1blackman1

I agree with you and Vitaman that tariffs will cause inflation to be higher than it would be otherwise. I don't believe they will push inflation nearly up to the level of 2022. You can mostly blame that on too much stimulus spending by Democrats and dovish Fed policy. ChatGPT is telling me that those policies, in 2021 and 2022, still have a residual effect on inflation today.

States and cities should set minimum wages at whatever levels they see fit, and often increasing minimum wages makes sense. That said, I don't buy into your belief that increases in minimum wages in blue states resulted in significant increases in real wages, nationwide and across all jobs.

Btw, Please note the following record for growth in real (inflation adjusted) hourly compensation:

Obama, first term: +0.2%
Obama, second term: +4.7%
Trump, first term: + 11.6%
Biden: -2.0%

https://fred.stlouisfed.org/series/COMPRNFB

I don't believe that the party of the president has as much to do with real wage growth as other factors, although Biden with his inflation-igniting American Rescue Plan may have been an exception. I'm just bringing this up because you keep asking how the economy did or is doing under President Trump.

You could ask ChatGPT what the source of the rising wages are. You rely on it to inform everything else.

...
Btw, Please note the following record for growth in real (inflation adjusted) hourly compensation:

Obama, first term: +0.2%
Obama, second term: +4.7%
Trump, first term: + 11.6%
Biden: -2.0%

https://fred.stlouisfed.org/series/COMPRNFB

... Originally Posted by Tiny

o.u.c.h.

Fed's Powell issues new Trump tariffs warning

Federal Reserve Chair Jerome Powell warned that President Donald Trump's tariffs are pushing consumer prices higher and would continue to do so over the coming months. Originally Posted by VitaMan

Powell wants to point the finger at Trump instead of the Fed's policies. A pure misdirection play by Powell. Going on a total fiat financial system in August 1971 is what has led up to this point. That's kinda like saying that "Elon Musk is the richest man in the world," and then everybody starts spreading the LIE. The richest person in the world is a owner/largest shareholder of a Central Bank. Not Elon. Mainstream media ALWAYS LIES.

Powell wants to point the finger at Trump instead of the Fed's policies. A pure misdirection play by Powell. Going on a total fiat financial system in August 1971 is what has led up to this point. That's kinda like saying that "Elon Musk is the richest man in the world," and then everybody starts spreading the LIE. The richest person in the world is a owner/largest shareholder of a Central Bank. Not Elon. Mainstream media ALWAYS LIES. Originally Posted by CPT Savajo

Powell is/was just being conservative. Who knows how much or how little inflation will be when these tariffs fully kick in. He obviously thinks it will be the former and not the latter but just strongly hinted at a rate cut so he must be at least open to retiring in peace. Haha

As far as this central bank shareholder being the richest person in the world crap, you actually believe that silly myth? Do you even know what a central bank is and its primary function? Please tell us who this person is who is the largest shareholder in this central bank and in what country it exists. A comical link (should you provide) to your absurd assertion would be entertaining as well to those of us who don't wear tin foil hats.

Anything under 3% is "normal". Some claim anything under 4% is.
Folks need too concentrate on the manufacturer's indexes for these discussions.
I watch the Producers Price Index for a few industries that I'm specifically interested in. There's also a Wholesale Price Index that's useful.

Prices are rising.

Just wait

Effects of tariffs are already clearly visible and just getting started Originally Posted by VitaMan

... They surely are! ...
Almost THIRTY (30) Billion in tariff revenue in
the month of July alone. .... Been rather nice that
most nations have updated their trade agreements.

... WINNING! ...

#### Salty

... They surely are! ...
Almost THIRTY (30) Billion in tariff revenue in
the month of July alone. .... Been rather nice that
most nations have updated their trade agreements.

... WINNING! ...

#### Salty Originally Posted by Salty Again

Yeah, looks like a reason to not file income tax to me!

... They surely are! ...
Almost THIRTY (30) Billion in tariff revenue in
the month of July alone. .... Been rather nice that
most nations have updated their trade agreements.

... WINNING! ...

#### Salty Originally Posted by Salty Again

That is nice. You realize who is paying that tariff revenue ? You, me, and millions of other consumers and businesses.


But it says nothing about the reduced GDP which lowers government tax receipts......loss of jobs and businesses....ports operating at 67% capacity....truck drivers looking everywhere for work.....and most of all, consumers paying significantly more for goods.


You will have to do better than this to show tariffs are a net benefit.


Before you were trying to convince viewers prices were not rising.

Powell is/was just being conservative. Who knows how much or how little inflation will be when these tariffs fully kick in. He obviously thinks it will be the former and not the latter but just strongly hinted at a rate cut so he must be at least open to retiring in peace. Haha

As far as this central bank shareholder being the richest person in the world crap, you actually believe that silly myth? Do you even know what a central bank is and its primary function? Please tell us who this person is who is the largest shareholder in this central bank and in what country it exists. A comical link (should you provide) to your absurd assertion would be entertaining as well to those of us who don't wear tin foil hats. Originally Posted by Lucas McCain

Powell is just a mediator between the oligarchs and the current manager, Trump. Tariffs won't matter in the grand scheme of things as far as inflation is concerned and the overall economy worsening. It's inevitable.

The Central Bank wields much power and influence but there is a serious lack of transparency into the organization which is shrouded in secrecy. The Central Bank is the issuer of credit and currency for a nation and they issue debt. It's no myth that the USA is trillions of dollars in debt of which can never be repaid. That liability is someone's asset that has to be paid with interest. Who is to know who the largest shareholder is when there is a complete lack of transparency as to ownership? People are treated as mere slaves without the right to know because America has been hijacked but people can get a clue by looking at the names of the people who attended the meeting setting up the Fed on Jekyll Island. The people wearing tin foil hats are the people stating that Democrat or Republican leadership is doing a great job while the stables wreak of shit & piss.



Why do you think Putin traveled to Alaska to meet with Trump? Zelensky isn't even in charge of his own fucking country. Seems like a deal has to be sought with the financiers of war. Eastern oligarchs vs. Western oligarchs of whom Trump represents.