The DSR Network The Daily Blast: Trump’s Rage Erupts as Inflation Rises and His Pollster Openly Panics
Jul 16, 2025
Kathryn Edwards, an economist known for decoding Trumponomics, joins to discuss the recent surge in inflation and its implications. She sheds light on how Trump's tariffs are exacerbating economic challenges for working-class Americans. Edwards critiques Trump’s denial of the inflation crisis and emphasizes the need for Democrats to adopt bold economic strategies. The conversation highlights the potential impact of these dynamics on upcoming elections and the urgent need for effective policy responses.
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Tariffs Accelerate Inflation
- Inflation accelerated to 2.7% year-over-year, the fastest since February, driven by tariffs.
- Tariffs initially buffered by consumer and company behavior will soon cause broader price increases.
Trump's Fed Criticism Misguided
- The Fed won't lower rates due to rising inflation and a strong labor market.
- Trump's rant ignores key Fed conditions and weakens his credibility with the Fed.
Economic Precarity Hurts GOP Prospects
- Republicans face midterm losses partly because economic insecurity worries voters.
- Majority of swing voters support extending Affordable Care Act health insurance subsidies.