Summary
The Wall Street Journal’s editorial board criticized Trump’s economic understanding after he linked interest rate cuts to tariffs on Truth Social.
The board called his analysis “intellectual confusion” and explained that inflation concerns make rate cuts unlikely.
While defending Trump from blame for rising prices, the Journal warned that mishandling inflation could damage his presidency.
The article also noted Trump’s past comments about influencing the Federal Reserve, urging him to avoid pressuring Chair Jerome Powell, as inflation could quickly erode his high approval ratings.
Murdoch is covering both sides. His NY Post is still a favorite of MAGoos in the tri-state area. It’s been praising Trump for his bold choices.
There is probably more nuance to it. The Post ensures the base stays loyal, this is to guide moneyed interests to try to persuade Trump to not do everything he is saying.