by Jack Hellner
American Thinker
Jerome Powell says Trump’s trade policies will cause inflation but does not explain why the tariffs in his first term didn’t. Why doesn’t Powell say how fewer regulations and lower energy prices will lower inflation? Why doesn’t he commend Trump for his great efforts to reduce waste, fraud, and abuse since a reduction in federal spending will reduce inflation? Why doesn’t Powell recognize that closed borders will lower inflation?
Here are things that he didn’t say anything about during Biden’s four years, when inflation shot up to over 9%. He didn’t blame Biden’s policies. Nope — he just said they were transitory.
Only a person with no expertise would have missed that these things would lead to inflation.