🚨 BREAKING: In a stunning blow to the Experts nationwide, Federal Reserve Chair Jerome Powell admits President Trump's tariffs are NOT a big factor in consumer inflation, that tariff revenue is surging, and that consumers aren't absorbing much of the tariff costs. Boom.
Apologize to President Trump and Scott Bessent.
The alarmism was proven wrong.
Apologize to President Trump and Scott Bessent.
The alarmism was proven wrong.
JEROME POWELL: "We're now collecting a good bit of revenue...3 or 400 billion dollars a year pace [from tariffs]."
"Who's paying that? [...] So far...it looks like it's the middle group, retailers and importers, THEY'RE NOT passing along to consumers that much of the cost. The actual impacts on inflation have been quite modest so far. It's a small amount."
"Who's paying that? [...] So far...it looks like it's the middle group, retailers and importers, THEY'RE NOT passing along to consumers that much of the cost. The actual impacts on inflation have been quite modest so far. It's a small amount."
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