The Fascist Felon took to his shithole, ‘Truth’ Social, to attack Federal Reserve Chair Jerome Powell because it’s all the Fed’s fault that our economy is quickly headed towards a ONE, man-made recession. His attacks on the independent central bank also raise questions about how much longer the bank will actually remain independent or if the wannabe DICKtator will try to take it over.
Because of his latest tantrum, stocks traded 829 points lower on Monday, or 2.1%. The S&P 500 shed 2.2%, and the Nasdaq Composite lost 2.6%.
The dollar was also under pressure, hitting a three-year low as the threats ramped up. Gold, meanwhile, soared to record highs above $3,400 per ounce.
Investors are dealing with “with a fresh source of macro anxiety: Trump’s threats to Fed independence,” wrote Adam Crisafulli of Vital Knowledge. “This threat is related to Trump’s trade war as Powell and his colleagues are forced to stay on the sidelines due to the prospect of a tariff-induced inflation spike over the coming months despite recent market volatility and rising downside growth risks.”
“The concurrent slump in stocks, the USD, and Treasuries suggests Trump’s trade war has set in motion an exodus from American financial assets that no amount of negotiating can reverse,” Crisafulli wrote.
About those Prices and Inflation….:
But grocery prices are not down or going down.
Average grocery prices were about 2.41% higher in March 2025 than they were in March 2024, Consumer Price Index data shows. This was the highest year-over-year grocery inflation rate since August 2023.
And average March 2025 grocery prices were up about 0.49% from February 2025. That was the highest month-to-month grocery inflation rate since October 2022.
