The post President Trump Can’t Quiet Reality, Neither Can The Federal Reserve appeared on BitcoinEthereumNews.com.

WASHINGTON, DC – NOVEMBER 02: U.S. President Donald Trump (R) shakes hands with his nominee for the … More chairman of the Federal Reserve Jerome Powell during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, DC. Current Federal Reserve chair Janet Yellen’s term expires in February. (Photo by Drew Angerer/Getty Images) Getty Images President Trump recently warned Walmart to not raise prices in response to his imposition of tariffs. Economists and pundits reacted to Trump’s warning with a mix of horror and haughty disdain. With good reason. Mindless as tariffs are, the foolishness of tariff imposition is magnified when the individual behind the implementation demands that prices not reflect the initial error. Some might even ask if the demand for flat prices is an implicit acknowledgement of the error, but that’s a digression. Back to all the reasonably expressed horror about Trump expressed in haughty fashion, why all the parallel quietude about the Federal Reserve? Why indeed. While there’s no reasonable way to defend Trump, neither is there a way to defend the Fed. This is notable simply because the Fed is being treated as the adult in the room relative to Trump’s much-ridiculed child. Except that in pretending that the central bank has a role in mitigating Trump’s errors, the central bank comes off as Trump’s equal in the foolish department. Seriously, what does the Fed think it can do to soften the higher price implications of tariffs? Tick tock, tick tock… If the Fed’s answer is that economic growth causes prices to rise (the Fed sees higher prices as “inflation”), and that slower growth born of a higher Fed funds rate will weigh on prices, then economists should be reacting in horror and haughty disdain toward the Fed too. Figure…

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Filed under: News - @ June 1, 2025 2:28 pm