WSJ Roasts Trump’s “Layers Of Intellectual Confusion”

From the Wall Street Journal editorial board:

Does President Trump understand money? Not money as in cash, but the supply of money, the price of money as measured by interest rates, and their impact on inflation? The answer would appear to be no after Mr. Trump called for lower interest rates on Wednesday—the same day the Labor Department reported an increase in inflation for the third straight month.

“Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!” Mr. Trump posted on his social-media site. The layers of intellectual confusion here are hard to parse, especially since higher tariffs will mean higher prices on the affected goods. But perhaps the President wants the public to look elsewhere when assigning blame for rising prices.

Yet if he’s trying to blame the Federal Reserve, which controls short-term interest rates, he has the analysis backward. Rising inflation means the Fed must be more cautious in cutting rates.

Read the full editorial.

“The President calls for easier money even though consumer prices keep rising. Does he want even higher prices?” – seems like it

Trumponomics and Rising Inflation https://t.co/BwBnlqvd08 via @WSJopinion

— Marco Frieri (@MarcoAFrieri) February 13, 2025