The U.S. dollar has fallen to a three-year low, and stocks are tumbling again today. Meanwhile, Donald weighed in to blame his tariff tantrums Federal Reserve Chair Jerome Powell, while casting a conspiracy theory involving “Sleepy Joe Biden” and Kamala Harris.
‘“Preemptive Cuts” in Interest Rates are being called for by many,” Lumpy wrote on Truth Social. “With Energy Costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other “things” trending down, there is virtually No Inflation.”
Fact check: Excluding food and energy, prices rose 2.8% in March. According to a study from SmartAsset, “While prices of fruits, vegetables and dairy products either increased or decreased depending on the location, eggs, meat and poultry soared almost unanimously, reaching over 9% or higher than just a year before — tripling the general rate of inflation.”
“With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates,” It added. “NOW. Europe has already “lowered” seven times. Powell has always been “To Late,” except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?”
