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.
Powell Warns Trump’s Tariffs Risk Stoking Even Higher Inflation and Slower Growth
Posted inBanking and Financial Institutions Customs (Tariff) Inflation (Economics) Interest Rates Regulation and Deregulation of Industry United States Economy United States Politics and Government

Powell Warns Trump’s Tariffs Risk Stoking Even Higher Inflation and Slower Growth

Jerome H. Powell, chair of the Federal Reserve, says the central bank’s “obligation” is to ensure that a “one-time increase in the price level does not become an ongoing inflation problem.”
The Job Market Has Been Resilient. The Trade War Could Be Its Undoing.
Posted inCustoms (Tariff) Federal Reserve System Hiring and Promotion Inflation (Economics) Interest Rates International Trade and World Market Labor and Jobs Trump, Donald J United States Economy United States Politics and Government

The Job Market Has Been Resilient. The Trade War Could Be Its Undoing.

The U.S. economy has largely withstood inflation and high interest rates. But tariffs could bring new price increases and put a damper on hiring.