Comment by matwood

JPow has to be annoyed. He was about to stick the perfect soft landing after killing inflation, then Trump showed up and through a tariff grenade into the economy. And, ironically, the fed was already on track to cut rates until the tariff nonsense. Now when rates are cut it's going to be because we're heading into a self inflicted recession instead of the soft landing we were headed towards before. The growing worry now is stagflation again with rising prices and slowing economy. I guess one bright spot is that we won't really know how bad it gets since it seems anyone who reports real numbers is getting fired. Fun times!