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Beau of The Fifth Column

Let's talk about the Fed rescuing the economy from Trump's policies....

Beau of The Fifth Column

Beau of The Fifth Column

Society & Culture

4.8965 Ratings

🗓️ 14 April 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about the Fed rescuing the economy from Trump's policies....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it's Bell again. So today, we're going to talk about the Fed

0:07.6

saving the U.S. from Trump's economic policies. We've had some public comments come out from

0:13.7

Federal Reserve officials, and they're definitely worth acknowledging, because they provide the

0:19.3

clearest picture yet of what those way up in

0:21.9

the economy see happening the comments coming from people who normally don't make

0:27.4

a lot of public statements are an indication that there might be a desire to try to

0:32.7

calm anxieties as more and more nervousness starts becoming apparent in the U.S. economy.

0:39.4

To provide a quick snapshot of those feelings, we'll look at the University of Michigan's closely

0:45.6

watched survey on consumer confidence.

0:48.9

Inflation expectations hit their highest levels since 1981.

0:54.2

Inflation expectations for one year out hit 6.7%.

0:58.3

And expectations for five years out hit 4.4%.

1:02.8

6.7 is the highest since 1981, and 4.4% is the highest five-year window reading since 1991.

1:13.2

Consumers now expect Trump's policies to mess things up beyond his term in office.

1:19.3

The current Economic Conditions Index fell 11.4%.

1:24.1

And expectations fell 10.3% to 47.2. That's the lowest since 1980.

1:32.3

The survey also showed unemployment fears rising to their highest level since 2009.

1:38.3

Pretty much all bad news. Now on to the statements.

1:43.3

Boston Fed President Susan Collins said the Federal Reserve pretty much all bad news. Now on to the statements.

1:51.3

Boston Fed President Susan Collins said the Federal Reserve would, quote, absolutely be prepared to intervene in the market. In another interview, she said, quote, the higher the tariffs are,

1:58.3

the more the potential slowdown in growth.

2:07.8

She also noted the likelihood of elevated inflation, but on the upside, said she didn't expect significant economic downturn. Significant is the key word there. At a separate event,

...

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