Powell is blaming inflation on Trump's tariffs, focusing on cutting interest rates, increasing liquidity, and shifting blame.
In reality, the stickiness of inflation in the West is hard to control, with aging populations, deindustrialization, the excessive overextension of welfare systems, rising asset prices, and fortunately, nuclear deterrence; otherwise, once the pandemic is over, everyone would be enjoying the thrill of World War III together.
Each industrial revolution leads to a major economic cycle, and each time it reconstructs the rules of the world, so the current 2% inflation standard feels more like a moral symbol; the reason geopolitical tensions haven't escalated is that the cost of doing so is too high.
Just like Musk constantly says we are facing a potential world war in the future, setting aside the stock market, gold, silver, etc., when viewed from another dimension, this world is in shambles, and the global economy is a complete mess～
