But that's not what Donald Trump is doing. Indeed, here's the thing that I think nobody's talking about enough, and that is the cost of uncertainty. Those tariffs will raise prices across the board. Jerome Powell, head of the Fed, has already said [tariffs] will raise prices across the board. and affect everything. But the fact that we've had 25% tariffs, then no tariffs, then 10% tariffs, then no tariffs, 54% tariffs, then no tariffs, this red light, green light. (10:10)
CLAIM
Asserts that Jerome Powell has stated tariffs will increase prices broadly.
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