Layers

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 answer would appear to be no after Mr. Trump called for lower interest rates on Wednesday -- the same day the Labor Department reported an increase in inflation for the third straight month.

"Interest Rates should be lowered, something which would go hand in hand with upcoming Tariffs!!!" Mr. Trump posted on his social-media site.  The layers of intellectual confusion here are hard to parse, especially since higher tariffs will mean higher prices on the affected goods.  But perhaps the President wants the public to look elsewhere when assigning blame for rising prices.

-- Wall Street Journal Editorial Board, alleging economic blunders by President Trump for the second time in three days, "Trumponomics and Rising Inflation" (12 February 2025)