The Wall Street Journal took what appeared to be yet another swipe at Donald Trump on Thursday.
The conservative newspaper’s editorial board asked a question of the president following his call on his Truth Social platform for lower interest rates ― which he claimed “would go hand in hand” with the currently-paused tariffs he is slapping on imports — but which he made amid an ongoing increase in inflation.
“Does President Trump understand money? Not money as in cash, but the supply of money, the price of money as measured by interest rates, and their impact on inflation?” the board asked.
“The answer would appear to be no,” it answered itself.
Higher tariffs “will mean higher prices on the affected goods” but Trump’s attack on interest rates may be a bid to distract the public “when assigning blame” for more expensive items, suggested the board, which in recent weeks has called out Trump’s sovereign wealth fund plan, his stripping of security protection from former aides and for imposing a 25% tariff on all steel and aluminum imports.
Trump, with his long history in real estate, “likes low rates and a weak dollar, which could lead to higher prices, all other things being equal,” said the board.
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Inflation “may be the biggest threat to the Trump Presidency,” it added, noting how Trump’s victory has been interpreted by many as a response to “falling real incomes” during the term of his predecessor, former President Joe Biden.