💥BREAKING 💥
🇺🇸 Hammock, Chairman of the Federal Reserve:
❗Given the current macro data, I see no grounds for lowering the Fed rate in September.
- We are only now beginning to see the impact of tariffs on the economy.
- We will not see the full effect of tariffs until next year.
- The economic theory of a one-time impact of tariffs may not work.
- The biggest problem is that inflation is too high and tends to rise.
❗We are not coping with inflation.
- The unemployment rate is one of the best indicators we have.
- I see no signs of a significant economic downturn. #Powelresign $TRUMP
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