After playing a clip of Norman’s remarks, Capehart pointed out the glaring hypocrisy: “I’m sorry, wait — he said it’s for the good of the country that costs are higher? Velshi chimed in and called the tariffs “nonsensical,” going on to say the real losers are America’s small businesses, who have “no leverage.” He added: “They have no lobbying, they have no ability to negotiate, they have no ability to even determine what boat their stuff gets on. Velshi pointed out that the president has tried to exert this level of control across the government but said the scale of his attacks on the Fed is a cause for grave concern: “This is what Donald Trump is doing all over government, but he’s doing it writ large here and it’s really dangerous.”
Author: Allison Detzel
Published at: 2025-08-11 21:04:13
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