Fox’s Charles Payne does his best to put lipstick on Trump’s pig that crashed the stock market this week. Payne made an appearance on Fox’s Special Report with Bret Baier this Friday, and while discussing Trump’s tariffs that sent the markets reeling, was asked about Fed Chair Jerome Powell’s statement that the tariffs may cause inflation to rise, but he will wait before making any interest rate moves.
Trump, of course, wants Powell to cut rates. A sentiment Payne echoed before downplaying just how long the damage may last from this insanity, and telling Baier he’s licking his chops at the prospect of making some money on companies that might quickly recover. Payne also demeaned a 72 year old woman who was stuck selling some stock that just tanked over her investment choices.
PAYNE: I think, I think it will happen. I heard enough from Powell today that if he gets the right hard evidence, he doesn’t need a preponderance. He doesn’t need a lot of economic data, just the right thing, and on the inflation thing.
You know, you may see higher prices, but we’re not going to have classic demand inflation. People are not going to go out there and be spending a lot of money on things they can’t afford.
