Wall Street Bursts With Anger Over Tariff ‘Stupidity’
Posted inAckman, William A Banking and Financial Institutions Bessent, Scott Dimon, James Fink, Laurence D Hedge Funds High Net Worth Individuals Lutnick, Howard W Standard & Poor's 500-Stock Index Trump, Donald J United States Economy United States Politics and Government Wiles, Susie

Wall Street Bursts With Anger Over Tariff ‘Stupidity’

Billionaire investors are in an unfamiliar position, watching and cringing as tariffs roll on and the stock market reels.
JPMorgan Chase CEO Jamie Dimon Warns of Economic Pain From Trump’s Tariffs
Posted inBanking and Financial Institutions Customs (Tariff) Dimon, James International Trade and World Market JPMorgan Chase & Company United States Economy United States Politics and Government

JPMorgan Chase CEO Jamie Dimon Warns of Economic Pain From Trump’s Tariffs

In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, wrote that a trade fight could dampen consumer and investor confidence and increase inflation.
Trump’s Trade War Raises Bar for Fed Rate Cuts
Posted inBanking and Financial Institutions Customs (Tariff) Federal Reserve System Inflation (Economics) Interest Rates International Trade and World Market Powell, Jerome H Trump, Donald J United States Economy United States Politics and Government

Trump’s Trade War Raises Bar for Fed Rate Cuts

Tariffs set to take effect this week risk stoking even higher inflation and slower growth than expected, complicating the central bank’s decisions on monetary policy.