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CBO says tariffs more inflationary than originally thought

DrVenture
in Other Investing
https://www.cnbc.com/2025/09/15/trump-trade-inflation-tariffs-cbo.html

-Congressional Budget Office director Phillip Swagel said that President Donald Trump’s tariffs have pushed up inflation, “not by a lot, but by enough to show.”
-He also said that inflation has run “higher than we expected.”
-With Trump’s tariffs stuck in legal limbo, Swagel said that the looming Supreme Court decision is one of the biggest uncertainties in the U.S. economy.

How long before Swagel is fired? He was re-appointed in 2019 by Trump.

Comments

  • larryB
    edited 11:50AM
    What’s the over/ under on how many days till the CBO director is fired is it on Fan Duel? The number might be seven and I will take the under.
  • AnnaAnna
    I don't think an employee of the legislative branch can be fired by the President, the head of the executive branch. Of course, no problem really, since he vicariously runs the legislative branch too.
  • larryB
    He is the king and he can do whatever he wants. That’s already been demonstrated many times. Soon this very dialogue will be punishable by deportation. Or worse.
  • JD_co
    edited 1:38PM
    Masked ICE goons showing up to larryB's door in 3...2...1...
  • larryB
    Oh shit
  • Old_JoeOld_Joe
    Looking forward to seeing all of you in Sudan.
  • DrVenture
    There is an opportunity for a national motto here: Sudan - The New Texas. Come for the unbearable heat, stay for the strict biblical interpretations!
  • CrashCrash
    (LOL.) "Godammit, doesn't anyone in these parts speak AMERICAN?!"
  • DrVenture
    ^ Things that Texans say when traveling abroad for $500, Ken.
  • Observant1
    edited 3:00PM
    Trump will attempt to fire the CBO director because he brings bad tidings.
    This is typical of autocratic governments.
    The CBO is an independent agency created by Congress—removing the director
    technically requires congressional approval.
    Legal precedent hasn't stopped Trump from firing leaders of other independent agencies.
    Earlier this year, the Supreme Court brushed aside legal precedent—their "shadow docket"
    decision seemingly allows Trump to fire at will except at the Federal Reserve.

    “Power tends to corrupt and absolute power corrupts absolutely."
    -Lord Acton

    https://www.scotusblog.com/2025/05/supreme-court-allows-trump-to-remove-agency-heads-without-cause-for-now/
  • CrashCrash
    DrVenture said:

    ^ Things that Texans say when traveling abroad for $500, Ken.

    Roaring laughing, here.
  • CrashCrash
    The CBO is an independent agency created by Congress—removing the director
    technically requires congressional approval    .


    Whether at CBO or elsewhere, the Repugnant majority on the Hill has decided to merely spectate rather than to exercise its proper constitutional authority. They are the classic enablers in the Dysfunction.
  • CrashCrash
    The CBO is an independent agency created by Congress—removing the director
    technically requires congressional approval    .


    Whether at CBO or elsewhere, the Repugnant majority on the Hill has decided to merely spectate rather than to exercise its proper constitutional authority. They are the classic enablers in the Dysfunction.
  • larryB
    @crash. You correctly stated the core of our crisis. If and when the history of this debacle is written,the repugnant majority on the hill will be judged very poorly for abandoning their constitutional authority in favor of the orange revolution. The opposite of profiles in courage.
  • Old_JoeOld_Joe
    Profiles in Cowardice.
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