Thursday, February 13, 2025

Trumponomics and Rising Inflation

 https://www.wsj.com/opinion/donald-trump-inflation-interest-rates-prices-tariffs-federal-reserve-jerome-powell-af0c4d66?mod=hp_opin_pos_0

Does President Trump understand money? Not money as in cash, but the supply of money, the price of money as measured by interest rates, and their impact on inflation? The answer would appear to be no after Mr. Trump called for lower interest rates on Wednesday—the same day the Labor Department reported an increase in inflation for the third straight month.

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