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

Trump versus Powell, Economic Triage Edition. Trump took to social media to say that Fed

Chair Jerome Powell's departure cannot come fast enough. He believes Powell isn't lowering

interest rates fast enough. This was probably sparked

by the European Central Bank lowering its rates. Powell is leery of cutting interest rates,

which is a primary tool the Fed uses to control inflation. He said, quote, the level of tariff

increases announced so far is significantly

larger than anticipated, and the same is likely to be true of the economic effects, which will

include higher inflation and slower growth. Powell also indicated that unemployment is likely to go

up as the economy slows due to the trade

war and said some of the costs of the tariffs will be quote paid by the public so Palis said

the prices are pretty much guaranteed to go up unemployment is to rise, and growth is expected to slow.

If you were writing a definition for the word sagflation, it would read a lot like his assessment

of the future of the U.S. economy. So, the obvious question raised by this is why are the EU and the U.S.

central banks dealing with it differently? the EU and the U.S. central banks dealing with it

differently? Well, since the U.S. is the country imposing the far-ranging tariffs and the

EU is having them imposed on it, it would make sense for the central banks to respond

differently. Even the EU's counter tariffs are more narrowly tailored,

which lessens the across-the-board price increase likelihood.

They also aren't imposed on basically every country in the world.

The EU's concern is slowing growth,

which means it makes sense to cut interest rates to make borrowing

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