Batya Ungar-Sargon: It’s ‘Weird’ that Jerome Powell Is out There Opining on Tariffs, ‘His Job Is to Help Stabilize the Economy’

PHILLIP Yes I mean ░░░░░░░░ this is like part ░░░░░░░░ parcel of Trump right ░░░░░░░░ you don t get ░░░░░░░░ tariffs without also getting ░░░░░░░░ destabilizing attacks on the ░░░░░░░░ And the combination of ░░░░░░░░ two could be disastrous ░░░░░░░░ if you believe just ░░░░░░░░ the tariff part UNGAR ░░░░░░░░ Yes But it s ░░░░░░░░ of weird that Jerome ░░░░░░░░ is out there opining ░░░░░░░░ the tariffs Like his ░░░░░░░░ is to help stabilize ░░░░░░░░ economy PHILLIP I don ░░░░░░░░ think that s weird ░░░░░░░░ all UNGAR SARGON It ░░░░░░░░ like he s not ░░░░░░░░ it because crosstalk why ░░░░░░░░ that be weird PHILLIP ░░░░░░░░ is that weird UNGAR ░░░░░░░░ Why is that weird ░░░░░░░░ Yes UNGAR SARGON Because ░░░░░░░░ would expect that a ░░░░░░░░ who has a really ░░░░░░░░ idea about how to ░░░░░░░░ the middle class and ░░░░░░░░ the dignity of the ░░░░░░░░ class should have the ░░░░░░░░ of the people who ░░░░░░░░ you know have the ░░░░░░░░ to help him enact ░░░░░░░░ PHILLIP Jerome Powell is ░░░░░░░░ head of the Fed ░░░░░░░░ has a mandate to ░░░░░░░░ inflation low and employment ░░░░░░░░ So if there are ░░░░░░░░ know macroeconomic things that ░░░░░░░░ happening in the economy ░░░░░░░░ make it very difficult ░░░░░░░░ him to do that ░░░░░░░░ don t think he ░░░░░░░░ going to comment UNGAR ░░░░░░░░ Do you know what ░░░░░░░░ have really helped What ░░░░░░░░ be a really good ░░░░░░░░ right now to help ░░░░░░░░ down inflation and make ░░░░░░░░ that things keep running ░░░░░░░░ It s dropping interest ░░░░░░░░ Why doesn t he ░░░░░░░░ that PHILLIP Why doesn ░░░░░░░░ he do that crosstalk ░░░░░░░░ So interest rates if ░░░░░░░░ were to drop interest ░░░░░░░░ you would stoke inflation ░░░░░░░░ FEMALE Thank you UNGAR ░░░░░░░░ You would give the ░░░░░░░░ community a little bit ░░░░░░░░ support to get them ░░░░░░░░ what is going to ░░░░░░░░ a difficult time as ░░░░░░░░ reorganize the economy in ░░░░░░░░ to restore dignity to ░░░░░░░░ world HILL You know ░░░░░░░░ else If you didn ░░░░░░░░ wildly put tariffs in ░░░░░░░░ that don t make ░░░░░░░░ sense that would probably ░░░░░░░░ more UNGAR SARGON Where ░░░░░░░░ you think the tariffs ░░░░░░░░ t make sense HILL ░░░░░░░░ I mean the big ░░░░░░░░ UNGAR SARGON China HILL ░░░░░░░░ not make any sense ░░░░░░░░ SARGON Doesn t make ░░░░░░░░ to have tariffs on ░░░░░░░░ HILL: “No.”