Stockman: Trump’s Tariffs Will Hit the Economy with a ‘Gale Force’ that Will ‘Accelerate’ Inflation

EXCERPT:

STOCKMAN: "Three big forces that aren’t good for the economy. Number one, the Fed is tightening like never before, Stuart. You have to take account of the fact the Fed has been off the deep end for eight years, pumping money like there’s no tomorrow. Now, wait a minute, now it’s going to be shrinking its balance sheet by $600 billion a year for the first time in history. That’s more in one year than the entire balance sheet of the Fed in 2000. That’s number one. Number two, the Trump tariffs are going to hit the economy, you know, with a gale force that will accelerate inflation, force the Fed to tighten even faster. And third, we’re in the tenth year of a recovery and Trump is raising the deficit to $1.2 trillion a year. That’s crazy."