What Fed must do now after Jerome Powell's Jackson Hole epiphany
Fox News
Fed Chair Jay Powell admits at Jackson Hole that tariffs don't fuel persistent inflation, sparking market rally as Dow breaks 45,000 amid rate cut expectations.
Peter Navarro is the White House senior counselor for trade and manufacturing.
The implication is clear: whether the impact is zero or merely a one-time step-up in prices, there is absolutely no justification for the Fed to hide behind "tariff uncertainty" as an excuse for overly restrictive interest-rate policy.
This really is a historic epiphany from a Fed chair who has long misunderstood the power of Trumpnomics – the four beautiful horsemen of economic growth and price stability: tax cuts, deregulation, strategic energy dominance and fair trade.
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