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@viggoviking.bsky.social
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Trump's new tariffs are 'larger than expected' and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said in remarks that pointed to the potentially difficult set of decisions ahead for the central bank reut.rs/3R44SnN
Fed's Powell says larger-than-expected tariffs mean higher inflation, slower growth
President Donald Trump's new tariffs are "larger than expected" and the economic fallout including higher inflation and slower growth likely will be as well, Federal Reserve Chair Jerome Powell said on Friday in remarks that pointed to the potentially difficult set of decisions ahead for the central bank.
reut.rs
April 4, 2025 at 3:59 PM
Reposted
11/ The tariffs aren’t economic policy. They are political weapons.

But as long as we see this clearly, we can stop him. Public mobilization is working. Today, a few Republicans joined Democrats to vote against one set of tariffs.

The people still have the power.
April 3, 2025 at 3:29 AM
Reposted
10/ And once Trump has the lawyers, colleges and industry under his thumb, it becomes very hard for the opposition to have any viable space to maneuver.

Trump didn’t invent this strategy. It’s the playbook for democratically elected leaders who want to stay in power forever.
April 3, 2025 at 3:29 AM