Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's tariffs are leading to inflation, confirming what economists have been warning since he first announced his idiotic trade policies earlier this year.

"Inflation for goods has picked up, reflecting the effects of tariffs," Powell said after the Federal Reserve Board voted to cut interest rates to address what Powell described as a “challenging” problem as both inflation and unemployment increase in tandem.

"Labor demand has clearly softened," Powell added, reflecting recent reports showing that the United States actually lost jobs in recent months. "The median projection of the unemployment rate is 4.5% at the end of this year.”

Powell’s comments are likely to enrage Trump, who has been falsely insisting tha

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