This is the best guarantee that cost pressures from tariffs and mass removals will manifest in wage-price spirals, combined with growth reducing economic policy uncertainty — particularly if the Trump administration does not adhere to Supreme Court rulings on this subject.
For all the people who have been warning about debasement of the currency, now is the time to really worry, and stand up.
Addendum:
Response from Governor Cook:
“President Trump purported to fire me “for cause” when no cause exists under the law, and he has no authority to do so. I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022.”
