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The Ricochet Superfeed

Daily Signal Podcast: VDH: Is Fed Chair Jerome Powell Fighting Inflation—Or Trump?

The Ricochet Superfeed

Ricochet

Politics, News

4.6632 Ratings

🗓️ 7 August 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

Victor Davis Hanson explains the long-running tensions between Jerome Powell and Trump, why Trump has dubbed him “Too Late Powell,” and the economic consequences for everyday Americans on today’s episode of “Victor Davis Hanson: In His Own Words.”   “ The Wall Street Journal was forecasting a ‘stock crash,’ a ‘trade war,’ ‘uncertainty over tariffs,’ ‘anemic […]

Transcript

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0:00.0

Hi, this is Ava from Vanta.

0:02.0

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0:07.0

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0:10.0

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0:13.0

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0:17.0

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0:22.1

enterprise managing vendor risk, Banta makes it quick, easy, and scalable, and I'm not to say

0:27.2

that because I work here. Get started today at banta.com. The chairman of the Federal Reserve,

0:32.4

Jerome Powell, has been in this fight with Donald Trump. He doesn't understand art of the deal

0:37.1

language. Donald Trump has called him too late Powell, criticized Donald Trump. He doesn't understand art of the deal language.

0:37.7

Donald Trump has called him too late pal, criticized him personally. He's dug down. And whether we

0:42.5

like it or not, he's acting emotionally or angrily to Donald Trump. So what is going on? The

0:48.0

argument from the Trump side is the economy does not show signs of inflation. If there is a fear of recession, they lower

0:56.3

interest rates and then people have easier access to money so that stimulates them to spend

1:01.6

and to acquire and then to avoid a recession. People had argued that the tariffs and a trade war

1:07.6

and gargantuan stock increases would create inflation.

1:11.6

Therefore, Powell had to keep interest rates high.

1:13.6

And the problem with that stance is it really hurts millions of Americans who are trying to buy a home. Hello, this is Victor Davis-Hansson for The Daily Signal.

1:34.0

There's been a lot of controversy recently about the relationship between the chairman of the Federal Reserve,

1:40.5

Jerome Powell, and Donald Trump president. And the argument from the Trump side is that the economy does not show signs of inflation. People had argued, especially perhaps Powell himself, that the tariffs and a trade war and gargantuan stock increases would create inflation. Therefore, he had to keep interest rates

2:05.1

high at about 4.3, which translates into 30-year mortgages over 7%. On the other hand, Donald Trump

2:13.4

said there's no evidence there's an inflation, and we would like to get some stimulus to

...

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