In Reply to: Powell:Tariffs NOT contributing to inflation, 400b posted by wwood2 on September 23, 2025 at 14:45:46
You don't quote him. Because you're dumb and a liar. So allow me:
"GDP rose at a pace of around one and a half percent in the first half of the year, down from 2.5 percent growth last year." Trump break GDP.
"Inflation has eased significantly from its highs of 2022 but remains somewhat elevated relative to our 2 percent longer-run goal. The latest available data indicate that total PCE prices rose 2.7 percent over the 12 months ending in August, up from 2.3 percent in August 2024. Excluding the volatile food and energy categories, core PCE prices rose 2.9 percent last month, also higher than the year-ago level. Goods prices, after falling last year, are driving the pickup in inflation. Incoming data and surveys suggest that those price increases largely reflect higher tariffs rather than broader price pressures. Disinflation for services continues, including for housing. Near-term measures of inflation expectations have moved up, on balance, over the course of this year on news about tariffs. Beyond the next year or so, however, most measures of longer-term expectations remain consistent with our 2 percent inflation goal."
Shorter: wood is a stupid fking liar
"A reasonable base case is that the tariff-related effects on inflation will be relatively short lived—a one-time shift in the price level. A "one-time" increase does not mean "all at once." Tariff increases will likely take some time to work their way through supply chains. As a result, this one-time increase in the price level will likely be spread over several quarters and show up as somewhat higher inflation during that period."
Shorter: Tariffs are leading to higher prices, and wood is still a stupid fking liar.