- Trump says new CEA study proves tariffs are reducing inflation, not increasing it.
- He claims tariffs are driving U.S. economic growth, jobs, and massive investments.
- Trump urges Fed Chair Jerome Powell to slash interest rates immediately.
President Donald Trump stirred fresh debate on economic policy Tuesday by claiming tariffs have had “zero impact on inflation,” referencing a new study from the Council of Economic Advisers (CEA) led by Dr. Stephen Miran. In a Truth Social post, Trump argued that import prices are falling despite widespread concerns that tariffs would raise consumer costs.
Trump Touts Economic Boom from Tariff Policy
According to Trump, the study shows that tariffs are not inflationary but are instead fueling domestic economic growth. “Import Prices are actually DROPPING,” he wrote, accusing economists and media outlets of getting it wrong. He also said tariffs are making the country “BOOM,” citing increases in factory activity, jobs, and trillions in investment inflows as proof of their effectiveness.
Trump Slams Jerome Powell Over Interest Rates
Trump didn’t stop there. He took aim at Federal Reserve Chair Jerome Powell, whom he labeled “Too Late Jerome Powell,” for failing to act sooner on interest rates. In a blunt call to action, he wrote, “CUT INTEREST RATES JEROME — NOW IS THE TIME!” Trump’s remarks reflect a growing push from the White House to influence monetary policy as tariffs become a cornerstone of his economic agenda.
Economists Skeptical Despite White House Optimism
The comments come amid heightened uncertainty around trade policy, interest rates, and inflation. While Trump touts tariffs as an economic boon, many economists remain skeptical, warning that their long-term effects on supply chains and consumer prices could be more complex than portrayed.
