Well, howdy there, Internet people, it's Bell again.

So today, we're going to talk about how interest rates are high because of Trump.

Federal Reserve officials are notoriously nonpartisan.

They don't care about don't about donkeys and elephants or red and blue.

They care about bulls and bears, and the only color they

care about is green. Powell was speaking with lawmakers and gave a very direct statement about why

interest rates are stuck. Trump's inflationary tariff policies. For the last couple of weeks,

it seemed like Republicans wanted to know why cuts were

occurring under Biden and not occurring now. They might not have liked the answer. Powell said,

If you just look at the basic data and don't look at the forecast, you would say that we would

have continued cutting. The difference, of course, is at the forecast, you would say that we would have continued cutting.

The difference, of course, is at this time all forecasters are expecting pretty soon that some

significant inflation will show up from tariffs. He went on, in case that wasn't clear, saying

quote, and you know, we can't just ignore that,

but we're not. We're just saying, let's wait and see more. That's all we're doing. And if you

will have noticed, a substantial majority of the committee has written down rate cuts in the

remaining four meetings this year. So it's just a question of being

prudent and careful. But at a time when the labor market is still strong, we don't see weakness in the

labor market. If we did, that would change things. You know, we're going to continue to adapt as the

data adapts.

But that is the difference between then and now.

Then inflation was forecasted to continue to come down.

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