“‘Too Late’ Jerome Powell is a FOOL, who doesn’t have a clue,” Trump wrote on Truth Social. “Other than that, I like him very much!”
The Federal Reserve chair issued a fresh warning Wednesday about inevitable stagflation. “If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment,” said Powell.
As tariff tensions rise, Trump has taken to pushing his own lies about prices.
Trump’s claims about the falling price of groceries are also questionable.
Trump has also lied about how much money his tariffs are actually making. In April, he claimed that they were raking in two billion dollars per day. In reality, they’d collected closer to $250 million each day, according to Customs and Border Protection.
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