THE DAILY BLAST with Greg Sargent Trump’s Rage Erupts as Inflation Rises and His Pollster Openly Panics
Jul 16, 2025
Kathryn Edwards, an economist and expert on Trumponomics, joins to dissect the rising inflation and its implications for Trump's economic policies. She reveals how his tariffs are fueling price hikes and explains Trump's frantic response to the bad news. The conversation explores the dissonance between Trump's claims of a strong economy and the struggles faced by working families. Edwards also emphasizes the urgent need for Democrats to craft bold economic policies to address pressing issues like childcare and paid family leave.
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Tariffs Drive Inflation Surge
- Inflation rising to 2.7% signals tariffs are starting to increase consumer prices.
- These price increases will worsen if tariffs remain, impacting working-class consumers most.
Fed Rate Cuts Unlikely Now
- The Fed won't cut rates unless inflation hits 2% or labor market weakens significantly.
- Current data shows inflation rising and jobs strong, so rate cuts are unlikely soon.
Trump Sabotages Fed Relations
- Trump’s denial of inflation and boastful economic claims sabotage his credibility with the Fed.
- A more nuanced economic portrayal would better align public messaging with reality.