Fed rate cut reveals MAGA tariffs driving stagflation

The Federal Reserve’s 0.25% interest rate cut, announced Sept. 17 , will have little economic effect by itself. The most important aspect of the move is what it tells us about tariffs and the damage MAGA policies are having on the U.S. economy.

The Fed has a dual mandate to keep inflation and unemployment low. It cuts rates when the U.S. economy is slowing and labor markets show significant strain. Those things are happening now.