Robert Reich: The megalomaniac and the stock market
6 years, 3 months ago

Robert Reich: The megalomaniac and the stock market

Salon  

Trump doesn’t want the public to think the stock market has tanked because of Trump’s government shutdown, his trade war with China, and the $1.9 trillion increase in the nation’s debt caused by his tax cut for corporations and the wealthy. All modern economies depend on public confidence that politicians can’t lower interest rates to serve their own purposes — such as getting short-term growth at the expense of long-term inflation and instability. Adding to the panic is Treasury Secretary Steve Mnuchin, who announced today that he called bank executives in order to ensure that markets are functioning properly — an intervention that Treasury secretaries typically make when there’s an economic crisis. Bottom line: Trump’s ego and his economic team’s incompetence not only threaten the stock market, but could tank the whole economy.

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History of this topic

Tariffs give the Fed an inflation foil
1 week, 6 days ago

Tariffs give the Fed an inflation foil

Live Mint  

President Trump likes to blame Federal Reserve Chairman Jerome Powell for any trouble in the economy, but on Wednesday Mr. Powell was able to blame Mr. Trump’s tariffs for at least some of an anticipated inflation rebound. Instead, Mr. Powell shifted the focus to the tariffs Mr. Trump keeps threatening against all and sundry as an explanation for whatever might …

Bloomberg Surveillance: Trump and the Fed
1 week, 6 days ago

Bloomberg Surveillance: Trump and the Fed

Bloomberg  

Browse all episodes Bloomberg Surveillance: Trump and the Fed Bloomberg Surveillance Trump and the Fed Arrow Right 37:30 Watch Tom and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Surveillance hosted by Tom Keene & Paul Sweeney March 20th, 2025 Featuring: 1) Julian Emanuel, Chief Equity and Quantitative Strategist at Evercore ISI, offers his reaction to the Fed meeting yesterday …

US Fed expected to sit tight as Trump tariff fears buffet markets
2 weeks ago

US Fed expected to sit tight as Trump tariff fears buffet markets

Raw Story  

by Daniel AVIS The US Federal Reserve is widely expected to extend its rate cut pause on Wednesday as it seeks to chart a path through the economic turbulence unleashed by President Donald Trump's on-again, off- again approach to tariffs. Many analysts fear Trump's tariffs, civil service job cuts, and immigration plans could push up inflation and hamper economic growth, …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
2 weeks ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos
2 weeks ago

Key takeaways from the Fed’s decision to hold interest rates steady amid Trump’s tariff chaos

CNN  

Washington CNN — The Federal Reserve on Wednesday kept interest rates unchanged as central bank officials weigh the impact of President Donald Trump’s aggressive economic agenda. Fed Chair Jerome Powell in his post-meeting news conference acknowledged the high level of uncertainty among American consumers and businesses — a lot of it stemming from the Trump administration’s “turmoil,” he said. Powell …

Stock market today: Wall Street rises again
2 weeks, 2 days ago

Stock market today: Wall Street rises again

Associated Press  

NEW YORK — U.S. stocks climbed again on Monday as Wall Street’s wild roller-coaster ride veers back upward. More big swings could be ahead, with a decision by the Federal Reserve on interest rates coming later in the week and worries continuing about President Donald Trump’s trade war. “In our view, this morning’s February retail sales report offers evidence of …

US Treasury Secretary Scott Bessent ‘not worried’ by markets crash. Here are his surprising reasons…
2 weeks, 2 days ago

US Treasury Secretary Scott Bessent ‘not worried’ by markets crash. Here are his surprising reasons…

Live Mint  

In a statement that has caused some concern among investors, United States Treasury Secretary Scott Bessent on March 16 dismissed concerns about the ongoing market slump as “healthy and normal”, according to a Bloomberg report. US Markets Crash: Treasury Secretary Scott Bessent Downplays Concerns A former hedge fund manager and founder of Key Square Group, Bessent sought to downplay concerns …

Why are Trump supporters claiming he wants to crash the US stock market?
2 weeks, 2 days ago

Why are Trump supporters claiming he wants to crash the US stock market?

Al Jazeera  

Some MAGA followers are spreading an unsubstantiated theory related to the cost of the US national debt. There are several unsubstantiated theories about why Trump might want to crash the stock market, but chief among them is that he is trying to make it easier to pay off the US’s $36 trillion national debt by lowering interest rates. Some Trump …

Donald Trump is ignoring markets at his own peril. Just ask former British PM Liz Truss
2 weeks, 2 days ago

Donald Trump is ignoring markets at his own peril. Just ask former British PM Liz Truss

CNN  

London CNN — Donald Trump has repeatedly ignored warnings from businesses and economists against imposing tariffs on imports into the United States. “We’re hearing verbatim from businesses just not able to make spending plans.” So far, Trump seems unmoved by the market reaction. Jack Ablin, founding partner of Cresset Capital, a Chicago-based wealth management firm, believes the stock market will …

Wall Street is turning its back on Trump and flashing an economic warning
2 weeks, 5 days ago

Wall Street is turning its back on Trump and flashing an economic warning

CNN  

CNN — On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda. CNN’s Fear and Greed Index has plunged into “Extreme Fear.” “The stock market is losing its confidence in the Trump 2.0 policies,” said Ed Yardeni, president of Yardeni Research. “The stock market …

Wall Street is turning its back on Trump and flashing an economic warning
2 weeks, 5 days ago

Wall Street is turning its back on Trump and flashing an economic warning

CNN  

CNN — On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda. CNN’s Fear and Greed Index has plunged into “Extreme Fear.” “The stock market is losing its confidence in the Trump 2.0 policies,” said Ed Yardeni, president of Yardeni Research. “The stock market …

Is Trump taking a ‘liquidationist’ approach to the economy?
3 weeks ago

Is Trump taking a ‘liquidationist’ approach to the economy?

Live Mint  

During President Trump’s first term, stocks rode high on the belief that he would always pull back on policies that led to a selloff. Indeed, such views edge close to the “liquidationist" approach historically espoused by laissez-faire economists, and most infamously associated with former President Herbert Hoover’s Treasury secretary who advised him to let the economy fall. Trump and his …

MSNBC mocks Trump with supercut of clips of him bragging about stock market
Trending News
3 weeks, 1 day ago

MSNBC mocks Trump with supercut of clips of him bragging about stock market

Raw Story  

President Donald Trump is downplaying his influence on the stock market after watching it plunge by more than 2,000 points Monday — with another 500-point tumble soon after opening Tuesday. Since the election, the stock market has surged," Trump said on Jan. 19 at a pre-inauguration rally. On Feb. 9, Trump told Fox News, "I was very proud to have …

Why did the US stock market tumble and wipe out $4 trillion? What does it mean for the global economy?
3 weeks, 1 day ago

Why did the US stock market tumble and wipe out $4 trillion? What does it mean for the global economy?

Firstpost  

The US stock market wiped out $4 trillion in value on Monday as the S&P 500 fell 2.7 per cent, nearing a nine per cent drop from its all-time high. The Dow Jones plunged 890 points, while the Nasdaq skidded four per cent, driven largely by investor fears over President Donald Trump’s escalating tariff policies Financial news is displayed as …

Why Trump’s tariff chaos sparked stock market meltdown and recession fears
3 weeks, 1 day ago

Why Trump’s tariff chaos sparked stock market meltdown and recession fears

Al Jazeera  

Donald Trump has downplayed the stock market volatility which followed flip-flops over his trade policies. United States stock markets plummeted on Monday amid fears that President Donald Trump’s tariff policies might drive the world’s largest economy into recession. The market selloff comes as Trump’s back-and-forth tariff announcements have unnerved investors and stoked fears that the US economy could be headed …

'Yellow lights are flashing' as Trump strategy rattles markets: CNN reporter
3 weeks, 1 day ago

'Yellow lights are flashing' as Trump strategy rattles markets: CNN reporter

Raw Story  

Donald Trump's remarks about the economy did nothing to alleviate concerns of a recession, and CNN's Matt Egan said on Monday that warning lights are flashing. The president said over the weekend that he was loathe to predict whether the economy would tumble into recession this year, but he did concede the economy was going through "a period of transition" …

Powell says Fed marking time to see economic impact of Trump policies
Trending News
3 weeks, 4 days ago

Powell says Fed marking time to see economic impact of Trump policies

Live Mint  

March 7 - The U.S. central bank will be in no rush to cut interest rates while it waits for more clarity on how the policies of the new Trump administration affect the economy, Federal Reserve Chair Jerome Powell said at an economic forum in New York City on Friday. MARKET REACTION: STOCKS: The S&P 500 pared a loss and …

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos
3 weeks, 5 days ago

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos

CNN  

Washington CNN — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. Factoring in Trump’s uncertainty Fed policymakers manage uncertainty by trying to predict the different ways the economy could evolve in the coming months, based on economic models using a vast array of data. “I’d …

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos
Trending News
3 weeks, 5 days ago

Fed Chair Powell says he’s not worried about the economy amid Trump’s tariff chaos

CNN  

Washington CNN — America is feeling uneasy about the Trump administration’s rapid-fire trade policy changes, but Federal Reserve Chair Jerome Powell said Friday he’s not worried. America’s souring economic mood comes at a time when the US economy has shown early signs of slowing, but also of stubbornly elevated inflation — a toxic combination sometimes referred to as stagflation. Factoring …

Stock market: Trump bases his success on the market. He’s been awfully quiet about it lately
4 weeks ago

Stock market: Trump bases his success on the market. He’s been awfully quiet about it lately

CNN  

A version of this story appeared in CNN Business’ Nightcap newsletter. In one of his more vulnerable moments during the speech, Trump pleaded for patience, asking farmers who could be hurt by retaliatory tariffs to “bear with me,” and said “there will be a little disturbance.” Still, there’s some suggestion that the market might have started to get to Trump: …

'Recession is coming': Critics outraged as Trump vows steep tariffs imminent
4 weeks, 1 day ago

'Recession is coming': Critics outraged as Trump vows steep tariffs imminent

Raw Story  

President Donald Trump says he's done delaying the massive tariffs he planned to enact on America's neighbors, telling reporters Monday: "No room left for Mexico or for Canada. "You can watch the stock market tank in the bottom corner of Fox's broadcast as Trump talks about tariffs," wrote independent journalist Aaron Rupar. "Trump just made a new announcement about tariffs …

‘Does President Trump understand money?' WSJ editorial board baffled by MAGA leader
1 month, 2 weeks ago

‘Does President Trump understand money?' WSJ editorial board baffled by MAGA leader

Raw Story  

Donald Trump’s call for interest rates to be lowered seemed to stump The Wall Street Journal’s conservative editorial board, which wondered aloud whether the president needs an economics lesson. “But perhaps the president wants the public to look elsewhere when assigning blame for rising prices.” The “Trumponomics” of it all in the face of rising inflation left the editorial board …

Powell says Trump’s comments won’t affect interest rate decisions by the Fed
Trending News
1 month, 2 weeks ago

Powell says Trump’s comments won’t affect interest rate decisions by the Fed

Associated Press  

WASHINGTON — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions. !” Yet Powell indicated during a press conference last month that the Fed, after cutting its key rate three times late last year, would hold off on further cuts as it waited …

Jerome Powell says Fed 'well positioned' for 'risks' that lie ahead, will not change key interest rate
Trending News
1 month, 3 weeks ago

Jerome Powell says Fed 'well positioned' for 'risks' that lie ahead, will not change key interest rate

Hindustan Times  

The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday on the first of a two-day appearance before Congress. Powell’s appearance comes with inflation still above the Fed’s 2% target and the Trump administration is upending many long-time U.S. policies by …

Wall Street holds firm after Trump’s latest tariff escalation
1 month, 3 weeks ago

Wall Street holds firm after Trump’s latest tariff escalation

LA Times  

Trader Jonathan Mueller works on the floor of the New York Stock Exchange this month. Wall Street held relatively firm Tuesday after President Trump’s latest tariff escalation and after the Federal Reserve hinted that interest rates may not change for a while. Most of Wall Street agrees that substantial and sustained tariffs would push up prices for U.S. households and …

Powell says Fed is ‘well positioned’ for the ‘risks and uncertainties’ ahead
1 month, 3 weeks ago

Powell says Fed is ‘well positioned’ for the ‘risks and uncertainties’ ahead

LA Times  

Federal Reserve Chair Jerome H. Powell, shown at a news conference in January, told lawmakers Tuesday that the Fed is prepared to keep its key interest rate unchanged for now. Powell’s appearance comes with inflation still above the Fed’s 2% target and the Trump administration upending many longtime U.S. policies by imposing tariffs on steel and aluminum and seeking to …

Stock market today: Wall Street takes Trump's latest tariff threats in stride, and indexes rise
1 month, 3 weeks ago

Stock market today: Wall Street takes Trump's latest tariff threats in stride, and indexes rise

Associated Press  

NEW YORK — U.S. stocks rose Monday as Wall Street took President Donald Trump’s latest threat on tariffs in stride. AP AUDIO: Stock market today: Wall Street takes Trump’s latest tariff threats in stride, and indexes rise Tariff threats aren’t taking a toll on stocks. Those will likely affect Wall Street by cleaving winning industries from losing ones, but they …

Trump lashes out at a favorite nemesis: The Federal Reserve
2 months ago

Trump lashes out at a favorite nemesis: The Federal Reserve

Live Mint  

President Trump picked right up where he left off during his first term, badgering a favorite nemesis—the Federal Reserve and its chair, Jerome Powell—over its recent performance managing inflation and interest rates. During Trump’s first term, Powell erected guardrails to protect the Fed’s autonomy to set interest rates as it deemed fit—its so-called “independence"—by cultivating allies on Capitol Hill and …

‘Terrible job’: US President Donald Trump blasts Fed’s handling of inflation after unchanged interest rates decision
Trending News
2 months ago

‘Terrible job’: US President Donald Trump blasts Fed’s handling of inflation after unchanged interest rates decision

Live Mint  

US President Donald Trump sharply criticised the Federal Reserve's approach to bank regulation, accusing Chair Jay Powell of mishandling the battle against inflation. In a bold statement, US President Trump outlined his plans to tackle inflation and revitalise the American economy, criticising the Federal Reserve's handling of the situation. He emphasised that, unlike the Fed’s focus on what he termed …

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well
2 months ago

The Federal Reserve ignored Trump’s interest rate demands — and he’s not taking it well

CNN  

New York CNN — The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates. “But restoring price stability when inflation is high can require measures that are not popular in the short term as we raise interest rates to slow …

Federal Reserve boss Jerome Powell defies Trump as US central bank leaves rates on hold
2 months ago

Federal Reserve boss Jerome Powell defies Trump as US central bank leaves rates on hold

Daily Mail  

The US Federal Reserve chief Jerome Powell last night defied Donald Trump as the central bank left interest rates on hold and said that it was in no hurry to make further cuts. And he mounted a robust defence of the Fed’s independent decision-making, saying: ‘Don’t look for us to do anything else.’ In its first rates decision since Trump’s …

US Federal Reserve meeting today: Under pressure from Donald Trump, will Jerome Powell hold interest rates?
Trending News
2 months ago

US Federal Reserve meeting today: Under pressure from Donald Trump, will Jerome Powell hold interest rates?

Hindustan Times  

The US Federal Reserve is set to announce its first monetary policy decision of 2025 on Wednesday that will also be the first time under the new Donald Trump administration. FILE PHOTO: US President Donald Trump looks on as Jerome Powell, his then-nominee to lead the US Federal Reserve, speaks at the White House in Washington DC in November 2017. …

Fed pauses interest rate cuts. What happens next may depend on Trump
2 months ago

Fed pauses interest rate cuts. What happens next may depend on Trump

LA Times  

President Trump nominated Jerome Powell to be the Fed chair in 2017 but frequently criticized him for not lowering interest rates in Trump’s first term. After three successive interest rate cuts, the Federal Reserve on Wednesday made no change in its benchmark lending rate amid new economic uncertainties over the outlook for inflation and President Trump’s continued threats of new …

Donald Trump hits out at US Federal Reserve Chairman Jerome Powell: ’I know interest rates better’
2 months, 1 week ago

Donald Trump hits out at US Federal Reserve Chairman Jerome Powell: ’I know interest rates better’

Live Mint  

US Fed vs Donald Trump: The US Federal Reserve is just a few days away from unveiling its first monetary policy decision for 2025, however US President Donald Trump has claimed that ‘he understands monetary policy and interest rates better than those charged with setting it’. Donald Trump on US Fed rate cuts At a White House event following those …

US Fed to cut interest rates again? Donald Trump seeks lower rates by raising energy production; Here’s what experts say
2 months, 1 week ago

US Fed to cut interest rates again? Donald Trump seeks lower rates by raising energy production; Here’s what experts say

Live Mint  

US Fed rate cut: The US Federal Reserve will meet in the coming week and unveil its first monetary policy decision for 2025 on Wednesday, January 29. Regarding the current Fed rates, Trump has said that he seeks to lower interest rates by unleashing energy production and would speak to the US Federal Reserve if needed. "I'll demand that interest …

Why the dollar’s epic rally could have a little further to run
3 months ago

Why the dollar’s epic rally could have a little further to run

Live Mint  

The U.S. dollar is entering the new year on a high—and most signs point to more strength ahead. U.S. government finances are also shakier than in Trump’s first term, with the federal-budget deficit above 6% of gross domestic product, compared with 3.1% in 2016. View Full Image Graphic: WSJ View Full Image Graphic: WSJ The dollar’s decadelong rise has confounded …

The Fed is trying—again—to size up Trump
3 months ago

The Fed is trying—again—to size up Trump

Live Mint  

Federal Reserve Chair Jerome Powell is walking an old tightrope into 2025: He is trying to avoid appearing confrontational with Donald Trump, even though some of his colleagues are signaling unease that the president-elect’s policies might rekindle inflationary pressures. Political antennae Powell said at a news conference last week that some officials accounted for potential policy changes in their new …

How the stock market Santa Rally was derailed - after Trump delivered an early boost
3 months, 1 week ago

How the stock market Santa Rally was derailed - after Trump delivered an early boost

Daily Mail  

Stock market investors have been denied a so-called Santa Rally in the closing stages of 2024, having weathered yet another year dominated by geopolitical turmoil and macroeconomic headwinds. The US Federal Reserve helped spark the worst week for stock markets since early September last week as the Fed struck a more hawkish interest rate tone, despite cutting for the third …

Jerome Powell just showed Donald Trump who’s boss
3 months, 2 weeks ago

Jerome Powell just showed Donald Trump who’s boss

CNN  

New York CNN — President-elect Donald Trump’s favorite barometer of his success — the stock market — had been humming since his reelection. But Federal Reserve Chair Jerome Powell in a press conference Wednesday reminded markets who’s boss: The Fed said inflation will remain higher than expected next year, and that it is now pricing in just two rate cuts …

'Disaster': Trump allies said to be mulling 'one of the dumbest ideas anyone could have'
3 months, 2 weeks ago

'Disaster': Trump allies said to be mulling 'one of the dumbest ideas anyone could have'

Raw Story  

Donald Trump's allies have discussed dismantling a Depression-era reform intended to prevent bank failures and maintain trust in the financial system, according to a report. Sources told CNN that the president-elect's allies are interested in shrinking or even closing the Federal Deposit Insurance Corporation and giving the Treasury Department oversight of deposit insurance, but former regulators and academics say that …

The Federal Reserve takes on Trump—and stubborn inflation
3 months, 2 weeks ago

The Federal Reserve takes on Trump—and stubborn inflation

Live Mint  

A lot is riding on the numbers after the decimal point. In such a scenario, Mr Trump would presumably be satisfied enough with the central bank that he would feel little compulsion to snipe at Jerome Powell, the Fed’s chairman, or, worse, to start a legal battle by trying to oust Mr Powell before his term expires in May 2026. …

Trump wants ‘a say’ in the Federal Reserve. Many Republicans do not agree
3 months, 3 weeks ago

Trump wants ‘a say’ in the Federal Reserve. Many Republicans do not agree

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Everyone in Congress is painfully aware of how disastrous that very policy can be.” …

Why Trump and the Federal Reserve could clash in the coming years
3 months, 4 weeks ago

Why Trump and the Federal Reserve could clash in the coming years

The Hindu  

President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households. During his first term, Mr. Trump repeatedly and publicly ridiculed the Powell Fed, complaining that it kept interest rates too high. And even if Powell reduces the Fed's benchmark rate, Mr. Trump's own policies could keep other …

Why Trump and the Federal Reserve could clash in the coming years
3 months, 4 weeks ago

Why Trump and the Federal Reserve could clash in the coming years

Associated Press  

WASHINGTON — President-elect Donald Trump campaigned on the promise that his policies would reduce high borrowing costs and lighten the financial burden on American households. And even if Powell reduces the Fed’s benchmark rate, Trump’s own policies could keep other borrowing costs — like mortgage rates — elevated. The Fed would likely respond by slowing or stopping its rate cuts, …

Republicans (Quietly) Disagree With Trump on the Fed
3 months, 4 weeks ago

Republicans (Quietly) Disagree With Trump on the Fed

Politico  

The president-elect’s chief issue with the Fed seems to be that he wants more influence over its decisions. Powell’s term also ends in May 2026, at which time Trump will be able to pick a new Fed chief, who could shift the modern, arms-length relationship between presidents and central bank leaders. “I like the way it’s set up right now,” …

Powell: Fed’s independence from politics is vital to its interest rate decisions
3 months, 4 weeks ago

Powell: Fed’s independence from politics is vital to its interest rate decisions

Associated Press  

WASHINGTON — Chair Jerome Powell said Wednesday that the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or political outcome. In his remarks Wednesday, Powell said, “We’re supposed to achieve maximum employment and price stability for the benefit of all Americans …

Trump should challenge the Fed’s policies
4 months ago

Trump should challenge the Fed’s policies

Live Mint  

Now that Donald Trump is the president-elect, expect warnings about the dangers of compromising the independence of the Federal Reserve. But unless these goals align with the Fed’s model for achieving its dual mandate—maximum employment and stable prices—the central bank could undercut Mr. Trump’s agenda. This followed the jumbo 50 basis-point cut announced in September, a decision that Mr. Powell …

month peak as market awaits next Fed cue
4 months, 1 week ago

month peak as market awaits next Fed cue

Live Mint  

By Brigid Riley TOKYO - The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level. The yen, meanwhile, held its ground against the greenback after domestic core inflation figures remained …

'Trump’s own aides and allies foiled him': President-elect eyes new economic showdown
4 months, 1 week ago

'Trump’s own aides and allies foiled him': President-elect eyes new economic showdown

Raw Story  

Federal Reserve chairman Jerome Powell avoided a showdown with Donald Trump during his first term, but he may not escape the once and future president's wrath next time. Powell clearly hopes to avoid get caught up in political drama with the economy headed toward a "soft landing," but a confrontation with Trump looks inevitable because many of his top allies, …

The Trump stock euphoria starts to fade
4 months, 1 week ago

The Trump stock euphoria starts to fade

Live Mint  

Can the postelection market rally continue? “Really extended valuations on equities means we’re vulnerable to shocks, turbulence and volatility," said José Torres, senior economist at Interactive Brokers. Geopolitical risks related to the wars in Ukraine and the Middle East combined with memories of Trump’s at-times chaotic governing style make it easy for some investors to picture valuations falling back to …

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