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Mr. Appeasement holds in his surrender monkey paw the keys to the Sudetenland [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-02-13
The Wall Street Journal editorial board is sounding the alarm on Trump's economic policy. “Does President Trump understand money?” they ask. In a piece published Wednesday, the board criticizes Trump for calling for lower interest rates as inflation increases.
“Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!” Trump wrote in a post on Truth Social. This idea has “layers of intellectual confusion,” the board writes — higher tariffs will mean higher prices for some products.
“Perhaps the President wants the public to look elsewhere when assigning blame for rising prices,” the board writes. “Yet if he’s trying to blame the Federal Reserve, which controls short-term interest rates, he has the analysis backward. Rising inflation means the Fed must be more cautious in cutting rates.”
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