Federal Reserve warns of impact of Trump tariffs as US interest rates held
Wednesday, 7 May 2025 () The US central bank held interest rates as it said Trump tariffs have risked higher inflation and unemployment amid "so much" uncertainty.
In a bold move, President Donald Trump announces plans to meet with American filmmakers to discuss the potential impact of new tariffs on foreign-made films. Trump criticized Hollywood for its lack of business involvement, saying the industry isn't doing enough for American jobs. As the threat of...
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.
#Trump #JeromePowell #FederalReserve #InterestRates #TrumpNews #FedChair #MonetaryPolicy #StockMarket #WallStreet #USPolitics #WhiteHouse #Powell #TrumpReversal #EconomicPolicy #CentralBank #BreakingNews #OvalOffice #TrumpStatement #FinanceNews #PowellProtected #RateCutDebate #TrumpFedClash #TrumpMarkets #USEconomy #PaulAtkins #TrumpSpeech #FinancialStability #KevinHassett #PowellUnderFire #PowellStays #TrumpvsPowell
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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.
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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 President Donald Trump has shared a TikTok video claiming he intentionally crashed the stock market to push the Federal Reserve into slashing interest rates. The video—originally posted by a user named “AmericaPapaBear”—suggests Trump’s economic tactics could benifit poor Americans. It falsely claims Warren Buffett praised Trump’s strategies as the best in 50 years. Meanwhile, J.P. Morgan has increased the chances of a recession as market volatility continues to rise.
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President Donald Trump swore in former U.S. Senator David Perdue as his new ambassador to China amidst growing tensions over trade. Trump joked about Perdue’s "timing," highlighting the difficult position he's stepping into. With Chinese negotiators set to meet with U.S. officials this weekend in Switzerland, the high-level talks are seen as a critical move in easing the U.S.-China trade war. As the global economic landscape shifts, Perdue’s role is key to navigating this diplomatic and economic challenge.
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Congresswoman Joyce Beatty erupted in a heated exchange with Treasury Secretary Scott Bessent over delays in the Harriet Tubman $20 bill, his alleged crypto ties to DOGE, and the impact of Trump-era tariffs. With high-level U.S.-China trade talks resuming in Switzerland, Beatty’s outburst spotlights growing frustration within Congress. As Bessent touts upcoming trade deals, Beatty accuses the administration of ignoring economic realities and symbolic justice. Watch the dramatic hearing and the fiery debate that could reshape the tariff narrative.
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Columbia University witnessed fresh unrest as pro-Palestinian protesters occupied Butler Library, prompting the university to summon the NYPD. Several demonstrators were arrested for trespassing after ignoring dispersal warnings. Tensions soared after the Trump administration pulled $400M in funding over antisemitism claims and began visa reviews of protesters. Secretary of State Marco Rubio confirmed efforts to deport international demonstrators. Critics say the administration is using immigration and anti-terror laws to silence student dissent. Columbia leadership condemned the unrest, calling it a disruption of academic order.
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President Trump is set to announce a major trade deal with a “highly respected” nation—confirmed by insiders to be the UK. The deal may include U.S. tariff cuts on British steel, autos, and aluminum in exchange for the UK scrapping its digital services tax. Trump teased the agreement on social media, calling it “the first of many,” sparking speculation and market reactions. With global trade tensions rising and U.S. stock markets shaken, this move may signal a shift from tariff escalation to strategic deal-making. Trump’s next big economic play could redefine U.S. trade diplomacy.
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