Let's talk about Trump’s war pushing the economy off the wall....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 31 March 2026
⏱️ 4 minutes
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Summary
Let's talk about Trump’s war pushing the economy off the wall....
Transcript
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| 0:00.0 | Well, howdy there, internet people, it's Bell again. |
| 0:05.0 | So today, we're going to talk about Trump's war, pushing the economy off the wall. |
| 0:12.0 | The rising gas prices, the instability. |
| 0:16.0 | The disruptions are taking their toll, and the signs are starting to show in indicators and projections. |
| 0:23.6 | Let's start with the big one. Organization for Economic Cooperation and Development forecasts |
| 0:30.2 | U.S. inflation for 2026 to hit 4.2%. That's more than double the target. It's also concerning because the previous |
| 0:41.1 | inflation estimate from prior to Trump's war was 2.8%. That's a sharp increase. The OECD attributes it to both |
| 0:52.1 | Trump's war and Trump's tariffs, and said, quote, |
| 0:56.4 | The breadth and duration of the conflict are very uncertain, but a prolonged period of higher |
| 1:02.7 | energy prices will add markedly to business costs and raise consumer price inflation, |
| 1:09.9 | with adverse consequences for growth. |
| 1:14.2 | Add into this the Federal Open Market Committee Vice Chair, Philip Jefferson, |
| 1:19.8 | which is the committee that controls interest rates, said, quote. |
| 1:25.1 | The ongoing uncertainty over tariff policy and the recent jump in energy prices, |
| 1:31.6 | however, complicates, at least in the short term, the picture on both sides of our dual mandate |
| 1:38.3 | of maximum employment and price stability. He went on to suggest that creates a, quote, downside risk to the |
| 1:49.1 | labor market and upside risk to inflation. If you add low economic growth to that, you have |
| 1:58.2 | stagflation. The next meeting of the FOMC is at the end of April, |
| 2:04.6 | and while the Fed hasn't yet indicated rate hikes, traders have pushed the probability of a rate |
| 2:11.1 | increase this year to 52%. Mortgage rates are already going up, not speculation, but actual climbs now. It was up to 6.62% on Thursday. |
| 2:27.1 | Remember when Pam Bondi told people the Dow was over 50,000? Well, that was the week of the Dow's high. It was down 10.01% on Friday. |
| 2:39.5 | That means it's technically in correction territory. While the average American may not follow these |
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