4.8 • 1.7K Ratings
🗓️ 8 April 2025
⏱️ 10 minutes
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President Trump urges Jerome Powell to slash interest rates amid economic volatility, but the Fed Chair holds the line, warning of uncertain consequences from rising tariffs. As Trump and Powell clash, more profound questions arise about who truly controls America’s monetary future.
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0:00.0 | Powell predicts when Americans will feel ripple effects from Trump's global tariffs. |
0:05.0 | Rob, if you got this clip, I think you got a clip on this if you can play. |
0:08.5 | Because Trump calls for federal feds up how to cut interest rates and stop playing politics. |
0:14.4 | That's what Trump said. |
0:15.6 | Okay. |
0:16.0 | On the same exact day when Trump says this, okay, President Trump urged Federal General General |
0:21.7 | General Powell to cut the rates on Friday on Truth Social. |
0:24.5 | This would be perfect time for federal Jerome Powell to cut interest rates. |
0:28.6 | Energy prices are down, interest rates are down, inflation is down, even egg is down 69% and |
0:34.6 | jobs are up, urging cut interest rates, Jerome, and stop playing politics. |
0:38.9 | That's Trump. |
0:39.7 | And this is what Jerome Powell said. |
0:41.0 | Go ahead and play that clip, Rob. |
0:43.0 | We have stressed that it will be very difficult to assess the likely economic effects of higher tariffs until there is greater certainty about the details, |
0:51.5 | such as what will be tariffed, at what level, and for what duration, and |
0:56.0 | the extent of any retaliation from our trading partners. While uncertainty remains elevated, |
1:01.0 | it is now becoming clear that tariff increases will be significantly larger than expected, |
1:06.0 | and the same is likely to be true of the economic effects, which will include higher inflation |
1:10.9 | and slower growth. The size and duration of these effects remains uncertain. |
1:17.5 | While tariffs are highly likely to generate at least a temporary rise in inflation, it's also |
1:21.8 | possible that the effects could be more persistent. Avoiding that outcome would depend |
1:27.0 | on keeping longer-term inflation expectations well anchored, on the size of the effects could be more persistent. Avoiding that outcome would depend on keeping |
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