The MeidasTouch Podcast Furious Fed Chair Schools Trump with Devastating Message
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Oct 30, 2025 Ben Meiselas dives into Jerome Powell's blunt take on Trump's economic assertions. He highlights Powell's concerns about stagflation and the impact of tariffs on inflation. Discussion turns to the faltering job market, driven by decreased labor supply and demand. Meiselas contrasts Powell's realistic views with Trump's misleading claims about interest rates and investment. Powell's warning against myopic economic fixes emphasizes the complexity of the current financial landscape.
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Fed Signals Caution On Future Rate Cuts
- Jerome Powell warned that further rate cuts are "not a foregone conclusion" given mixed economic risks.
- He said near-term inflation risks are up while employment risks are down, signaling stagflation danger.
Tariffs Could Make Inflation Stick
- Powell said Trump's tariffs are raising prices in some goods categories and could have persistent inflationary effects.
- He warned the tariff-driven price shifts might be temporary or could become a longer-term inflation risk.
Labor Shortage Plus Soft Demand Explained
- Powell identified two drivers of labor-market weakness: a supply drop from lower immigration and participation, and softer labor demand.
- He argued rate cuts can support demand even when supply-side forces weigh on employment.