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Federal Reserve Rings Every Alarm Bell About Trump’s Economy

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Jerome Powell has once again said what everyone except Trump seems to already know: Lowering inflation while enacting staggering tariffs is virtually impossible.

“If the large increases in tariffs that have been announced are sustained, they’re likely to generate a rise in inflation, a slowdown in economic growth, and an increase in unemployment,” the Federal Reserve chair said on Wednesday. “The effects on inflation could be short-lived, reflecting a one-time shift in the price level. It is also possible that the inflationary effects could instead be more persistent. Avoiding that outcome will depend on the size of the tariff effects, on how long it takes for them to pass through fully into prices, and ultimately on keeping longer-term inflation expectations well-anchored.”

This is exactly what Trump doesn’t want the American public to hear. The president has repeatedly attacked Powell for his honesty, referring to him as “Mr. Too Late” and “a major loser,” and calling for his termination after Powell correctly noted that wanton tariffs cause inflation.

Though Powell didn’t name it, he was clearly referring to “stagflation: slow GDP growth, high inflation, and high unemployment. The Federal Reserve refused to cut interest rates on Wednesday, as Powell described the concerns with Trump’s economic plans.

“Donald Trump’s tariffs mean you could suffer higher prices and lose your job AT THE SAME TIME, Senator Elizabeth Warren wrote on X. “Forget dolls, families will be forced to make impossible choices between necessities like food, housing, and health care.”

Trump’s trade war loses a lot of validity when people like Powell call it what it is: a tax on top of an already high cost of living for everyday people.

Donald Trump says he doesn’t know whether he plans to deport hundreds of immigrants to Libya, amidst reports that his administration will do so as soon as Wednesday.

“Is the administration sending migrants to Libya?” Trump was asked during a press conference Wednesday afternoon.

“I don’t know,” he responded. “You’ll have to ask the Department of Homeland Security.” Whether Trump is lying or not, his answer does nothing to quell the terrifying possibility that immigrants could be sent to a country whose prisons have been called a “hellscape” and “open slave markets” by human rights organizations.

On Tuesday, U.S. officials confirmed to multiple news outlets that the government was planning to send undocumented immigrants to Libya in what would be a cruel and unlawful escalation of the president’s deportation efforts. In March, Trump unlawfully deported 200 Venezuelan immigrants, the majority of whom had no criminal record, to El Salvador, where they are now being held in CECOT, a mega-prison notorious for human rights abuses.

More than a decade after Libya’s authoritarian state was toppled, the political situation in the country remains incredibly unstable. It’s been plagued by conflict for years, and the State Department advises Americans not to travel there amidst the risk “crime, terrorism, unexploded land mines, civil unrest, kidnapping and armed conflict.” It’s a stunning display of irony given the government may literally send people there against their will.

Libyan officials have denied the country is communicating with the United States, Reuters reported.

The president is reportedly eyeing Africa as a whole as his next target for deportations, which will likely face a flurry of legal challenges. Rwanda has already accepted at least one deportee from the United States, while several other African countries including Benin, Angola, Equatorial Guinea, and Eswatini have been mentioned in various media reports.

President Donald Trump is planning to send a planeful of deportees to Libya—but both of Libya’s governments say they won’t take them, The Washington Post reported Wednesday.

Abdul Hamid Dbeibeh, the prime minister for the Government of National Unity based in Tripoli, wrote on social media that “Libya refuses to be a destination for the deportation of migrants under any pretext.”

Dbeibeh said that Libya would not be held to any agreements made by “illegitimate entities.”

The Libyan National Army, which controls the eastern half of the country from Benghazi, also released a statement rejecting the arrival of deportees from the United States, saying that accepting deportees would “violate sovereignty in the homeland.”

While the U.S. government only has foreign relations with Dbeibeh’s government, the son of Khalifa Haftar, the general turned warlord in the east, visited with Trump administration officials last month. The meetings were not about deportations, according to the State Department and a Libyan official, CNN reported.

It’s not clear that any formal deal was made to facilitate the removal of immigrants to a potentially hostile host country. Libya’s migrant detention centers are notorious for subjecting detainees to severe beatings, sexual violence, extortion, and forced labor, according to a 2021 report from Amnesty International.

Lawyers for immigrants currently held in........

© New Republic