The Stagflation Trap: Trump’s Tariff Regime Broke the Fed’s Compass
As Jerome Powell warns of historic economic peril, Trump escalates his war on institutional independence, gutting trade norms, bypassing Congress, and eyeing control of the Fed itself.
When Jerome Powell warns that “there isn’t a modern experience” to draw from in responding to Trump’s trade war, he isn’t being coy, he’s waving a red flag over an unprecedented economic and constitutional crisis. What we’re witnessing is not simply poor policy. It’s an attempt to remake the U.S. economy by executive fiat, with Trump bypassing Congress,…
