US Fed pauses rate cuts again says ‘great deal of uncertainty’ over Trump's tariffs
Thursday, 8 May 2025 () Federal Reserve Chair Jerome Powell expressed concerns about President Trump's tariff policies, highlighting the potential conflict between maintaining low inflation and maximum employment. The Fed held interest rates steady amidst uncertainty caused by trade measures, particularly tariffs on Chinese goods. Powell acknowledged the difficulty in predicting the economic impact of these policies, signaling a cautious approach to future rate adjustments.
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...
Xi Mingze, Chinese President Xi Jinping’s only daughter, is back in headlines amid US-China tensions. The Harvard-educated Xi reportedly resides in Massachusetts under tight security. Her speculated..
U.S. President Donald Trump claims his tariffs triggered civil unrest and factory shutdowns in China, forcing him to strike a rushed deal to stabilize their economy. Trump now accuses Beijing of..
President Trump is fuming after one of his own judicial appointees, Timothy M. Reif, helped block his tariff plan targeting U.S. trade partners. Reif, a Democrat who served under both Obama and Trump,..
Thursday, 8 May 2025 ()
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