5/8/25: Major inflation warning as Trump praises Houthis
The David Pakman Show
David Pakman
4.6 • 2.8K Ratings
🗓️ 8 May 2025
⏱️ 63 minutes
🧾️ Download transcript
Summary
-- On the Show:
-- Merici Vinton, former US digital service and DOGE staffer, joins David to discuss working at DOGE, the absolute an total fiasco that it was under Elon Musk, and much more...
-- Fed chairman Jerome Powell issues a major warning about forthcoming inflation as a result of the Trump tariffs
-- Donald Trump pre-fires his Surgeon General nominee Janette Nesheiwat, replacing her before she even starts her job with a conspiracy theorist named Casey Means
-- Republican Jefferson Griffin finally concedes North Carolina Supreme Court race to Judge Allison Riggs, a Democrat
-- Donald Trump calls Houthi terrorists "brave" in a bizarre and confused rant
-- A recent cabinet meeting was a contest between Kristie Noem, JD Vance, Sean Duffy, and Andrew Giuliani over who could suck up to Trump the most
-- The new Trump administration policy of "less stuff for everyone" is a stunning reversal from decades of Republican policy
-- On the Bonus Show: What to know about India/Pakistan situation, the Newark airport fiasco, major concerns growing over Senator John Fetterman, much more...
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Transcript
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| 0:00.0 | Welcome to the show. |
| 0:01.0 | The Federal Reserve Chairman Jerome Powell has issued a major inflation warning over Donald |
| 0:14.6 | Trump's tariffs. |
| 0:15.6 | I want to talk about it today. |
| 0:17.1 | And one of the important takeaways,, there's two critical takeaways here. |
| 0:21.3 | If you understand nothing else, if you hate even the concept of listening to what the Fed |
| 0:27.5 | chairman says, as I know many people do, people who are like, that's not what I need in |
| 0:31.7 | my life. |
| 0:32.7 | I don't need to be listening to statements from the Fed chairman. |
| 0:34.9 | I just need to live my life. |
| 0:37.0 | If you want to know the effect |
| 0:38.7 | that this is going to have on you, really two important takeaways. Number one, the Trump |
| 0:43.2 | tariffs, if they hold, are going to be bad for the price level. They're going to cause inflation. |
| 0:48.5 | They're going to make things more difficult to afford for the average American. And number two, |
| 0:52.7 | the Federal Reserve seems to have zero interest whatsoever in bailing Donald |
| 0:56.7 | Trump out by lowering interest rates, which tends to have the effect of boosting the stock |
| 1:02.9 | market. |
| 1:03.5 | So let's go to the video. |
| 1:05.2 | Here is Jerome Spout up, Jerome Spowellell, Jerome Powell speaking yesterday with what some are saying is a bombshell shot across |
| 1:14.8 | the bow at Donald Trump. |
| 1:16.7 | If you've been paying attention, you know who to blame, but let's listen to Powell and |
| 1:22.0 | then talk about it. |
... |
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