"Once you no longer have the check of the central bank, which can raise interest rates as needed to curb inflation, you really start to raise the specter of runaway costs, runaway inflation, and it makes the US economy less attractive for investors domestically and abroad," said Ramamurti.
Inflation is "right on track", according to his administration. Economists are already concerned it is tilting off course – and Trump won't rule out taking action that critics warn would shunt it off the rails altogether…
https://www.theguardian.com/us-news/2025/jul/19/trump-inflation-tariffs-fed-powell
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