The Young Turks Inflation Nation - August 15, 2025
10 snips
Aug 16, 2025 Trump's claims about inflation spark a lively fact-checking debate. The complexities of leadership changes at the Federal Reserve present potential economic risks. Zoran Mamdani's polarizing presence in the mayoral race raises questions about party dynamics. A spotlight is cast on corporate influence in politics, revealing a disconnect between politicians and the electorate. The rise in inflation statistics prompts a critical look at economic policies, with mounting pressures on both political parties amid shifting voter sentiments.
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Wholesale Inflation Reaches 2022 Levels
- The July PPI spike (0.9% month, 3.3% year) signals wholesale inflation returning to 2022 levels.
- Cenk and John warn tariffs and corporate price-passing are primary drivers, not foreign countries paying tariffs.
PPI Spike Makes Fed Rate Cuts Less Likely
- Higher wholesale inflation reduces chances the Fed will cut rates soon and raises stagflation risk.
- Cenk warns rate cuts now would fuel inflation, so tighter policy may persist and hurt markets.
Tariffs Hit Consumers Not Foreign Governments
- Tariffs raise costs for importers, who then pass them to consumers, increasing inflation.
- Trump misstates mechanics and claims foreign countries pay tariffs, a misconception hosts repeatedly correct.