- Judge pauses Trump order on gender-affirming care for trans youth
- Mass firings of federal workers begin as Trump and Musk purge US government
- Energy Department set to fire probationary employees
- OPM fires its own probationary period staff
- Manhattan US attorney resigns after refusing to drop case against Mayor Adams
- Donald Trump's Gen Z Popularity Plunges
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.
"Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!" Mr. Trump posted on his social-media site. The layers of intellectual confusion here are hard to parse, especially since higher tariffs will mean higher prices on the affected goods. But perhaps the President wants the public to look elsewhere when assigning blame for rising prices.
Yet if he's trying to blame the Federal Reserve, which controls short-term interest rates, he has the analysis backward. Rising inflation means the Fed must be more cautious in cutting rates. This is how financial markets read the news that the consumer-price index (CPI) rose 0.5% in January. Long bond rates rose sharply, with the 10-year Treasury note popping to 4.63% from 4.53%. This reflects market worry over inflation.
Trumponomics and Rising Inflation - WSJ
Btw, all this pink stuff is who Trump is about to tariff, Lol.