He committed to me in our conference meeting in the Banking Committee that he would stay apolitical during the Biden administration. He stayed silent as fiscal stimulus went out of control, which led to generationally high inflation. He [Chairman Powell] knew that was bad policy, but he's weighed in and given a personal opinion on tariffs, which, by the way, is incorrect. In a news conference about the decision to hold rates steady, Chairman Powell highlighted concerns that President Trump's tariffs could spur higher inflation and unemployment. (00:55–01:18)
CLAIM
Asserts that Powell's opinion on tariffs is incorrect.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
