Fed cuts US growth outlook as Trump trade war gathers pace
Wednesday, 19 March 2025 The US central bank has slashed its expectations for economic growth this year as it eyes challenges on several fronts amid Donald Trump's escalating trade war.
President Trump now says he has “no intention” of firing Federal Reserve Chair Jerome Powell, despite calling him a “major loser” just days ago. Trump’s sudden reversal—delivered in the Oval Office—comes after sharp criticism and market turbulence. Wall Street surged on the news, as fears of a central bank shakeup faded. Trump had previously accused Powell of failing to cut interest rates. The about-face follows internal White House talks on removing Powell, who is legally protected until 2026. Critics warned that firing him could destabilize the entire financial system.
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Global stock markets and the dollar have rallied on hopes of two significant climbdowns by the Trump administration on issues blamed for a slump in values. Sky News
Investors flee US assets as Trump attacks Fed’s Powell and calls for rate cuts
Investors continued offloading US assets as the Trump administration seeks a way to dismiss Federal Reserve Chair Jerome Powell. Trump has demanded rate cuts, referring to Powell as “a major loser” in a social media post. The US dollar weakened to a three-year low.
READ MORE : http://www.euronews.com/2025/04/22/investors-flee-us-assets-as-trump-attacks-feds-powell-and-calls-for-rate-cuts
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Trump has launched a fiery attack on Federal Reserve Chair Jerome Powell, calling for his immediate termination after slamming the Fed’s latest economic report as a “complete mess.” Trump accused Powell of being “too late and wrong” on interest rate policy and compared him unfavorably to the European Central Bank, which just issued its seventh rate cut in a year. The outburst follows Powell’s stark warning that Trump’s sweeping tariffs could drive the U.S. into stagflation. With Powell’s term running through 2026 and legal protections in place, Trump’s demand has ignited a constitutional debate over presidential power and the independence of America’s central bank.
#TrumpVsPowell #JeromePowell #FedChair #TrumpTweets #JayPowell #TrumpNews #TrumpBlastFed #FederalReserve #TrumpEconomicPolicy #TrumpAdministration #PowellNews #TrumpTwitter #USFedChair #TrumpTradePolicy #Trump
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U.S Special Envoy Steve Witkoff recently met Russian President Vladimir Putin in a bid to persuade Russia for a ceasefire deal in Ukraine. This was the 4th such meeting in just over 2 months, but there seems to be no breakthrough yet as Putin remains firm recognition of Russia's control over Crimea and the four regions under Russian control since 2022. With peace talks stalling, could a Putin-Trump summit be the only path forward?
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In a significant development for US-India relations, President Donald Trump has revealed that trade negotiations with India are "coming along great," fueling expectations of a groundbreaking trade deal in the near future. This could be the first major post-tariff agreement, marking a new chapter in bilateral economic ties between the two nations. With both sides eager to finalize terms, could this deal reshape global trade dynamics? In this video, we break down everything you need to know about the Trump administration’s strategy and what this potential deal means for both the US and India.
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In a stunning offhand comment that’s sparked global buzz, U.S President Donald Trump reportedly said, “I’d like to be the next Pope,” following the death of Pope Francis. The remark—interpreted by many as sarcastic—has triggered a wave of reactions from political leaders, religious figures, and the public alike. Is Trump serious, or is this another provocative headline-grabber? Here’s everything we know so far.
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President Donald Trump has officially declared war on Amazon and its founder Jeff Bezos after the company reportedly planned to display the consumer cost impact of U.S. tariffs — a move the White House calls “hostile and political.” In a fiery press briefing, Press Secretary Karoline Leavitt blasted the retail giant, accusing it of weaponizing prices to undermine the administration’s economic strategy. Is this a corporate stunt or a political power play? Watch the full breakdown and reaction from the White House as tensions between Trump and Bezos reach a boiling point.
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