Sunset 8-28-25

Jerome Powell finally admitted what President Trump and his economic team have been saying all along: tariffs don’t fuel the kind of persistent inflation that justifies crushing interest rates.

Speaking to fellow central bankers, Powell acknowledged that tariffs create at most “a one-time shift in the price level” that would be “relatively short lived.” The markets immediately recognized this seismic shift – the Dow smashed through 45,000, and bond yields tumbled as investors celebrated the prospect of long-overdue rate cuts.

This admission represents more than just a policy pivot – it’s a complete vindication of Trumponomics and the four pillars that delivered both growth and price stability in the first term: tax cuts, deregulation, strategic energy dominance, and fair trade. Remember when Trump showed Powell around the Fed’s lavish building complex, making a point about their disconnection from regular Americans?

Well, maybe that tour finally sank in. [Istandforfreedom]

Good Night, Patriots!