Trump’s tariffs will increase prices and Jerome Powell is a steady capable hand at the Federal Reserve. His calm monetary expertise led us out of the Pandemic without a Recession. Our economy was the envy of the OECD Countries. If Trump’s tariffs remain, not only will America lose allies, we’ll lose tourism and Global trust .
Loss of trust is bad for business, markets and our Currency .
According to Norman Tankus, a market analyst, on April 9 th, before tariffs were reversed, Our Market was close to a Lehman moment. Remember 2008 crash and what happened when we failed to bailout Lehman Bros? The market collapsed and lost 57%. Many hedge funds and banks went under.
The middle class never recovered from the crash of 2008. Their wages still remain low.
Why would anyone want to repeat 2008, with bad economic policies when we’re in good financial shape?