Susan Page: “You know you have a problem when the warning by a federal judge − that he sees ‘probable cause’ your administration has committed criminal contempt − wasn’t the worst news you got on Wednesday.”
“The worst news were the matter-of-fact remarks by Federal Reserve Chairman Jerome Powell that the president’s tariffs were ‘highly likely’ to fuel inflation and could slow growth. He didn’t use the word, but that’s the combination dubbed ‘stagflation’ when it struck the Jimmy Carter administration.”
