The White House is trying to drive out the Federal Reserve chair. Critics warn it would be a costly bid to pass the buck

The White House is trying to drive out the Federal Reserve chair. Critics warn it would be a costly bid to pass the buck

Memo from the White House: inflation is “right on track”, it declared this week, citing the latest official data. Price growth is now “very low”, according to Donald Trump. The actual statistics paint a markedly different picture.

Just six months after he regained power, in part by promising to rapidly reduce prices, Trump has presided over the chaotic rollout of tariffs on an array of overseas products that many have argued risk having the exact opposite effect.

After a lull, the consumer price index (CPI) is back on the rise. In June, everything from fruit and washing machines to dresses and toys became more expensive.

Businesses in the US and around the world have struggled to keep up with the Trump administration’s erratic rollout of its aggressive trade strategy: the daily White House soap opera of warnings, threats, confusion, deadlines, delays and drama.

  • jaybone@lemmy.zipEnglish
    3·
    16 days ago

    I hope you are right. One of my theories is Trump will piss off enough rich people, and _something _ will happen that results in him no longer being President. And if I’m being even more optimistic, they will realize all of this maga 2025 bullshit is actually kit in their best interest and move the right slightly more to center. Or even just supports dems who are basically corporate whore centrists anyway at this point.