The David Pakman Show Fed drops jobs bomb as real bombs continue falling
Mar 19, 2026
J.B. Pritzker, Governor of Illinois and progressive businessman, discusses immigration enforcement concerns in Chicago. He talks about regulating crypto and prediction markets. He outlines a Democratic agenda for 2028 focused on healthcare, wages, and working families.
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Powell Says Private Jobs Stagnant And Tariffs Drive Inflation
- Jerome Powell warned private sector job growth is effectively zero and flagged downside risks to employment alongside upside risks to inflation.
- Powell attributed a large share of core inflation—between half and three quarters—to Trump-era tariffs, not just the oil shock from the Middle East.
Oil Shock And Tariffs Are Optional Inflators
- David Pakman emphasizes that both the oil shock from the Iran conflict and Trump's optional tariffs are the main drivers of rising prices.
- He notes both choices were avoidable policy decisions that are now inflating costs and hurting the economy.
Fox And Markets Panic Over Hot Inflation Readings
- Major conservative media figures reacted with alarm to hotter-than-expected PPI and core inflation readings, calling the situation "the worst of both worlds."
- Markets and commentators warned this mix raises stagflation risk and reduces scope for Fed rate cuts.