Investors Recoil From Trump’s Pledge to Remake the Global Economy
Posted inCharles Schwab Corporation Consumer Behavior Federal Reserve System International Trade and World Market JPMorgan Chase & Company Nasdaq Composite Index Standard & Poor's 500-Stock Index Stocks and Bonds Trump, Donald J United States Economy United States Politics and Government

Investors Recoil From Trump’s Pledge to Remake the Global Economy

Stocks hadn’t fallen this far this fast since the early days of the coronavirus pandemic. A 9.1 percent drop in the S&P 500 is the steepest weekly decline since March 2020.
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.”