Donald Trump escalates feud with Fed chair Jerome Powell, calling him...
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. President Donald Trump said Federal Reserve Chair Jerome Powell's "termination cannot come fast enough." Trump called on the Fed to follow the European Central Bank and cut interest rates. Powell said on Wednesday that…
Stocks, the economy, and the entire world order are at risk...
The stock market, the economy, and the entire world order are at risk if President Donald Trump forges ahead with his tariff plans, Deutsche Bank says.Trump's announcement last week of at least 10% tariffs on goods from almost all foreign nations — and duties exceeding 50% in some cases — sent shockwaves through global markets.The…
Powell warns inflation is sticking around thanks to Trump’s tariffs
Fed Chair Jerome Powell said inflation is unlikely to make further progress this year due in part to Trump's tariffs.He added that the Fed's inflation forecast is rising primarily due to uncertainty with Trump's policies.Powell's comments followed the Fed's decision to hold interest rates steady on Wednesday.The head of the nation's central bank said President…
Harvard’s Ken Rogoff expects a ‘wild ride’ for the economy under...
The US economy is in for a "wild ride" with Donald Trump back in office, Kenneth Rogoff says.The Harvard economist told the World Economic Forum that the dollar faces a slew of challenges.Rogoff spoke about tariffs, inflation, interest rates, currency wars, and the national debt.Kenneth Rogoff says the US economy is in for a "wild…
5 things the nominee for Treasury Secretary signaled about what markets...
Scott Bessent's confirmation hearing this week held a number of clues as to what markets can expect from Trump 2.0.The long-time investor and hedge fund exec is Trump's pick to lead the US Treasury.Bessent said Trump would "unleash a new economic golden age" during his testimony.Scott Bessent's nomination hearing gave markets a handful of hints…
Nobel economist Paul Krugman says Trump’s policies will leave his blue-collar...
Donald Trump champions the working class but his policies are bad news for them, Paul Krugman says.The Nobel-winning economist says tariffs and deportations will hurt instead of help the poor."A lot of people are going to get brutally scammed," Krugman said.Donald Trump rode to victory in the US presidential race by pledging to put America…
The Fed penciled in 2 interest-rate cuts for 2025 — but...
The Federal Reserve cut interest rates in its final decision of the year.It also penciled in two interest-rate cuts in 2025.Still, Powell said that Trump's proposed trade policies pose economic uncertainty.President-elect Donald Trump's potential trade policies could change the Federal Reserve's plans in the coming year.On Wednesday, the Federal Open Market Committee announced its third…
The Wall Streeters whispering in Trump’s ear
Trump's transition team is turning to Wall Street titans for advice on key economic appointments.Howard Lutnick, transition team co-chair and bank CEO, is turning to friends for advice.Scott Bessent, Gary Cohn, and John Paulson are among those chiming in, sources say. Thanks for signing up! Access your favorite topics in a personalized feed while you're…
Fed Chair Powell stands firm amid questioning about whether Trump will...
Reporters asked Jerome Powell whether he'd resign if President-elect Donald Trump asked him to.Powell responded with one word: "No."Trump has been critical of Powell, but a president can't legally fire a Fed official without cause. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app…
Americans are quitting their jobs at the lowest rate in years....
In August, US workers quit their jobs at the lowest rate since 2015, excluding a dip in April 2020.A hiring slowdown across the US has left job switchers with fewer opportunities.It's making it harder for some workers to land raises and promotions. Thanks for signing up! Access your favorite topics in a personalized feed while…
