Federal Reserve rebuts Trump admin renovation attacks

U.S. Federal Reserve Chair Jerome Powell testifies before a House Financial Services Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” on Capitol Hill in Washington, D.C., U.S., June 24, 2025. Kevin Lamarque | Reuters As the Trump administration escalates its criticisms of the Federal Reserve and Chairman Jerome Powell, the central bank is…

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Trump signals more tariff letters coming Wednesday

President Donald Trump, accompanied by U.S. Secretary of State Marco Rubio (L) and U.S. Defense Secretary Pete Hegseth (R), discusses his decorating of the Cabinet Room during a cabinet meeting at the White House on July 08, 2025 in Washington, DC. Andrew Harnik | Getty Images President Donald Trump signaled he would send more letters…

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Trump tariffs on cars, copper, aluminum could hit hard

U.S. President Donald Trump walks as workers react at U.S. Steel Corporation–Irvin Works in West Mifflin, Pennsylvania, U.S., May 30, 2025. Leah Millis | Reuters As President Donald Trump’s tariffs against more than a dozen countries spark fresh concerns about looming country-specific trade measures, often overlooked are the levies on specific products and commodities that…

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Tariff-fueled inflation, meteor strike both rare

A top White House economic advisor on Tuesday likened the odds that President Donald Trump‘s tariffs will lead to higher prices to those of a meteorite striking earth. “Rare events happen. We get pandemics or, or meteors or whatever,” said Stephen Miran, chairman of Trump’s Council of Economic Advisers, on CNBC’s “Squawk Box.” But “there’s…

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