The Damage Report
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Even Fox News Admits This Looks REALLY AWFUL For Trump
Posted
August 15, 2025
Views
161,234
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5,574
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August 15, 2025
161,234
5,574
1,335
4.29%
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9:11Now PlayingDonald Trump's outrageous inflation claims get blown apart as even right-wingers and Fox Business are forced to admit his tariffs are big trouble. John Iadarola and Brett Erlich break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Trump Rate Hopes Burned as New Inflation Data Comes in Hot
"Producer prices rose sharply in July, federal data shows, dashing President Donald Trump's hopes that the Federal Reserve would cut rates in September as he has been demanding.
But the White House was unmoved by the latest data, with spokesman Kush Desai telling Newsweek in a statement that "the doom-and-gloom predictions of President Trump's tariffs ratcheting up inflation continue to be proven flat-out wrong."
Why It Matters
Trump believes interest rates are needlessly high and has skirted traditional norms on central bank independence to sharply criticize Fed Chair Jerome Powell and the institution for not slashing borrowing costs, accusing them of damaging the economy.
The Fed is closely watching inflation data before it moves to cut rates, fearing a looming spike in prices related to Trump's tariffs. The latest data weakens the case for cutting rates as Trump wants."
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