'Greater of the two risks': Inflation overshadows employment at Fed policy meeting; minutes reveal divisions over Trump’s tariffs
Thursday, 21 August 2025 () Federal Reserve officials expressed concerns over upside inflation risks outweighing employment worries, amidst disagreements on Trump's tariffs' economic impact. Minutes revealed divisions within the Federal Open Market Committee, with some members dissenting due to concerns about economic weakening and potential labor market damage. The labor market's performance will likely determine the Fed's decision on interest rate cuts in September.
A visible rift between the U.S. and Europe emerged as President Trump skipped the welcome for top EU leaders, leaving Ursula von der Leyen, Emmanuel Macron, Keir Starmer, and NATO’s Mark Rutte without a presidential greeting. Instead, Chief of Protocol Monica Crowley received them. The snub comes...
The feud between Donald Trump and California Governor Gavin Newsom is intensifying as both exchange sharp attacks. Trump labeled Newsom “the man destroying California” and mocked him as..
The White House shifted its language on India, with Press Secretary Leavitt describing Trump’s 50% tariffs as “sanctions.” She said the measures are punitive and aimed at pressuring Russia by..
Donald Trump has introduced a new strategy to deter illegal immigration: painting the southern border wall black. Kristi Noem revealed the move, saying the black paint will absorb more heat, making the..
Thursday, 21 August 2025 ()
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