Speaking to a forum in Portugal on Tuesday, Federal Reserve Bank chair Jerome Powell said for all of convicted felon President Trump’s constant bitching and crying about high interest rates that they are, as everyone knows, actually his fault due to his stupid trade war, CNBC reports
“In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” said Powell.