Powell warned Wednesday that Trump’s sweeping tariffs on virtually every trade partner could put the Fed in the unenviable position of having to choose between tackling inflation and unemployment. Trump’s stop-start tariff policy has unnerved investors and governments around the world, leaving them unsure about his long-term strategy and whatContinue Reading
WASHINGTON: US President Donald Trump said on Thursday (Apr 17) that “termination” of the independent head of the Federal Reserve “cannot come fast enough” as he lashed out at Jerome Powell’s warnings of tariffs-fueled inflation. In a scathing post on his Truth Social app, Trump repeated a demand for Powell to lower interest rates, suggesting the FedContinue Reading
But policymakers, including Powell, have warned that tariffs could raise prices. The extent of the price increase will likely be determined by the rollout of the levies and how consumers and businesses respond. Ahead of Powell’s speech on Friday, Donald Trump took to his Truth Social account to insist that hisContinue Reading
WASHINGTON: US Federal Reserve policymakers expressed concern last month about the potentially inflationary effects of President Donald Trump’s trade and immigration proposals, according to minutes of the meeting published Wednesday (Feb 19). The US president has threatened to impose sweeping tariffs on some of America’s largest trading partners, accusing themContinue Reading
