{"id":12817,"date":"2025-04-23T01:21:24","date_gmt":"2025-04-22T16:21:24","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=12817"},"modified":"2025-04-23T10:22:20","modified_gmt":"2025-04-23T01:22:20","slug":"wall-street-journal-april-21-4","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=12817","title":{"rendered":"Wall Street Journal (April 21)"},"content":{"rendered":"<p>\u201cIf the White House wanted a test of how firing Jerome Powell would go over in the markets, it succeeded on Monday. U.S. stocks and the dollar plunged while yields on long-term Treasurys climbed after President Trump renewed his attacks on the Federal Reserve Chairman.\u201d The President \u201cthinks he can bully everyone into submission, but he can\u2019t bully Adam Smith, who deals in reality. Markets know tariffs are taxes, and taxes are anti-growth.\u201d It is clear that the \u201cTrump tariffs are the biggest economic policy mistake in decades.\u201d What remains unclear is the President\u2019s ability to see reality. \u201cMarkets are spooked because they don\u2019t know if Mr. Trump listens to anyone but his own impulses.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cIf the White House wanted a test of how firing Jerome Powell would go over in the markets, it succeeded on Monday. U.S. stocks and the dollar plunged while yields on long-term Treasurys climbed after President Trump renewed his attacks on the Federal Reserve Chairman.\u201d The President \u201cthinks he can bully everyone into submission, but [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15006,16455,4450,9920,546,214,2747,577,4892,8523,7818,3548,10854,859,16454,3160,408,15134,5161,8,1858,1318],"class_list":["post-12817","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-adam-smith","tag-anti-growth","tag-attacks","tag-bully","tag-dollar","tag-fed","tag-firing","tag-markets","tag-mistake","tag-plunged","tag-powell","tag-reality","tag-spooked","tag-stocks","tag-submission","tag-tariffs","tag-taxes","tag-treasurys","tag-trump","tag-u-s","tag-white-house","tag-yields"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12817"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12817\/revisions"}],"predecessor-version":[{"id":12818,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12817\/revisions\/12818"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}