Weekly Perspective

 

 

 

  Global Economy Senior Federal Reserve official puts ‘50-50’ odds on tariffs sparking sustained US inflation Head of the US central bank’s St Louis branch Alberto Musalem expects uncertainty ‘through the summer’ JUNE 7, 2025   by Claire Jones, US Economics Editor

 

  Heather Cox Richardson Jun 3                The Republicans’ giant budget reconciliation bill has focused attention on the drastic cuts the Trump administration is making to the American government. On Friday, when a constituent at a town hall shouted that the Republicans’ proposed cuts to Medicaid, the federal healthcare program for low-income Americans, meant that “people will die,” Senator Joni Ernst (R-IA) replied, “Well, we are all going to die.” The next day, Ernst released a video purporting to be an apology. It made things worse. “I made an incorrect assumption that everyone in the auditorium understood that, yes, we are all going to perish from this Earth. So, I apologize. And I’m really, really glad that I did not have to bring up the subject of the tooth fairy as well. But for those that would like to see eternal and everlasting life, I encourage you to embrace my lord and savior, Jesus Christ," she said. Ernst blamed the “hyster...