Reciprocal tariffs are a straightforward trade tactic where if one country imposes tariffs on another’s goods, the affected country retaliates with similar tariffs. This strategy echoes back to the 1930s, aimed at reducing trade barriers but has evolved into a more aggressive approach today. For instance, in 2025, the U.S. raised tariffs significantly on Chinese ...
President Donald Trump is increasing pressure on Federal Reserve Chairman Jerome Powell to lower interest rates, labeling him a “major loser.” Trump argues that the U.S. economy could slow down without immediate cuts, citing low inflation and declining costs for energy and other goods. Despite Trump’s criticism, Powell maintains that he cannot be fired by ...
Subscribe to the White House Watch newsletter for free to stay updated on the implications of the 2024 US election for Washington and beyond. Recently, Republican Senator John Kennedy defended Federal Reserve Chairman Jay Powell against former President Trump’s claims that he could dismiss Powell. Kennedy emphasized the importance of the Federal Reserve’s independence, stating ...
Donald Trump’s recent criticism of Federal Reserve Chairman Jerome Powell highlights the tension between political influence and the independence of central banks. Trump expressed frustration over Powell’s refusal to quickly lower interest rates, which he believes would boost consumer spending and stock prices. This outburst comes amid his ongoing trade war, which has already caused ...
In a recent statement, Donald Trump expressed his frustration with Federal Reserve Chairman Jerome Powell, indicating that he could swiftly remove him if necessary. Trump’s anger stems from Powell’s refusal to lower interest rates quickly, which he believes would help the economy and improve consumer confidence. This criticism comes amid a broader concern over economic ...
The recent simultaneous sell-off of the American dollar, US bonds, and stock markets is a rare event not seen since the late 1970s, raising concerns about the stability of the US economy. Jerome Powell, chair of the Federal Reserve, pointed out that the tariffs implemented during the Trump administration are larger than anticipated, which could ...
The stock Market continues to struggle following the Trump administration’s turbulent implementation of tariffs, exacerbated by the Federal Reserve’s grim economic forecasts. During a recent speech, Fed Chairman Jerome Powell highlighted the uncertain impacts of these tariffs, suggesting they could lead to higher inflation and slower growth. As a result, major indices fell sharply, including ...
The stock Market continues to struggle following the chaotic rollout of tariffs by the Trump administration, as the Federal Reserve expressed concerns about the uncertain economic impact of these policies. In a recent speech, Fed Chairman Jerome Powell highlighted that anticipated tariff increases could lead to higher inflation and slower growth. This news resulted in ...
US Federal Reserve Chair Jerome Powell issued a serious warning about the impact of President Donald Trump’s tariff policies on the economy. During a speech at the Economic Club of Chicago, Powell highlighted that these tariffs could push inflation higher and slow economic growth, complicating the Fed’s goals of maintaining price stability and full employment. ...
On Wednesday, US stocks dropped sharply after Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs could have significant and uncertain effects on the economy. The Dow fell 700 points, while the S&P 500 and Nasdaq saw even larger declines. Powell noted that the impact of the larger-than-expected tariff increases could lead to ...
