US Edition
We Are About to Find Out the Cost of the Trump Chaos
- Importers rushed to build inventories before the Trump tariffs took effect on April 2, impacting prices later on, as reported in the Fed's Beige Book.
- The Fed's Beige Book reported that companies expect faster cost and price increases due to higher tariffs, with some expecting to pass costs to customers within three months.
- There are concerns that tariffs and their unpredictable announcement may lead to lower US economic growth and potential stagflation.
- Trump posted on his Truth Social platform urging the Fed to cut rates, claiming the US 'would pay much less interest on debt coming due.
27 Articles
27 Articles
U.S. President Donald Trump again asked the Federal Reserve (Fed) to lower interest rates after inflation data.
U.S. President Donald Trump has again asked the U.S. Federal Reserve (Fed) to cut interest rates by a percentage point, after the rise in the inflation rate in May has been lower than expected."The CPI has just been published.Excellent numbers!The Fed should drop a full point.We would pay much less interest on the debt that is due.Very important!" Trump said in his TruthSocial profile.
US President Donald Trump is right to argue with head of the central bank Jerome Powell. Despite his erratic customs policy, inflation is only increasing moderately. Experts, however, predict a different development.
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- 40% of the sources are Center
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