drmonalidesai on Nostr: Does it seem like the White House Billionaires advising the Trump Administration are ...

Does it seem like the White House Billionaires advising the Trump Administration are out of touch with the reality of how Americans live? They recommended tariffs that will lead to higher prices and decreased stock values which are expected to then lead to layoffs plus they recommended increased federal defense spending and tax cuts for billionaires that will increase the federal deficit and likely lead to more inflation and even higher prices. 🇺🇸 It seems that the White House Billionaires thought Americans would be able to spend increasing amounts of money, even while prices are going up and there are increased concerns of lay offs because of the new tariffs and inflation.

Powell Warns of ‘Challenging Scenario’ for Fed as Trade War Rages. 🇺🇸 Powell said he saw a “strong likelihood” that consumers would face higher prices and that the economy would see higher unemployment as a result of tariffs in the short run.
https://www.wsj.com/economy/central-banking/powell-warns-of-challenging-scenario-for-fed-in-cushioning-trade-war-fallout-81d17965?mod=mhp