The media and Democrat politicians love to fear monger about how Trump’s tariffs would cause inflation and unemployment. But June’s import prices showed no inflation at all. In fact, import prices FELL -0.2% YoY.
The latest jobs report revealed that U-3 unemployment FELL to 4.10%.
But don’t worry. Elizabeth Warren (D-MA) will get hysterial about Trump firing Fed Chair Jerome Powell. And, as usual, be wrong.