Business > Economy

‘Who is our bigger enemy?': Trump lashes out, compares Fed chairman Powell to Chinese President Xi

26 days ago   |   By RT

President Donald Trump has lashed out at the Federal Reserve chairman, after Jay Powell refused to cut interest rates to Trump's liking, a move that would have given the president ammunition to escalate his trade war with China.
“As usual, the Fed did NOTHING!” Trump tweeted on Friday, after Powell announced that he would “sustain the expansion” of the US economy, but not by slashing interest rates by a whole percentage point, as Trump has repeatedly called for. Instead, Powell is likely to lower rates by around a quarter of a percentage point, from their current level of 2.25...
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Trump eviscerates Fed chairman as ‘bigger enemy' than China as markets quiver

Trump eviscerates Fed chairman as ‘bigger enemy' than China as markets quiver

26 days ago   |   By NY Daily News

A livid President Trump tore into Federal Reserve Chairman Jerome Powell on Friday as a “bigger enemy” than China - sending markets plunging as fears of a recession fueled by the spiraling trade war. After Powell pointedly warned in a speech that he could not undo the damage from Trump's signature...
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Trump asks whether the Fed chief or China is 'our bigger enemy' as the trade war takes a dark turn

Trump asks whether the Fed chief or China is 'our bigger enemy' as the trade war takes a dark turn

26 days ago   |   By Business Insider

President Donald Trump lambasted Federal Reserve Chairman Jay Powell in a tweetstorm Friday as Trump's trade war with China escalated.
"My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?" Trump wrote on Twitter.
Trump's latest attack on Powell came with the trade war between the US and China entering a new phase, heightening political risks for Trump's reelection campaign.
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President Donald Trump lambasted Federal Reserve Chairman Jerome Powell in a tweetstorm Friday as Trump's trade war with China escalated and after the central...
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Trump slams Fed chief: 'Who is our biggest enemy, Jay Powell or Chairman Xi?'

26 days ago   |   By NBC News

Trump's blistering tweets came after Powell, whom the president hand-picked as Federal Reserve chairman last year, spoke at an economic conference.
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Jay Powell says no Fed ‘rulebook' for Trump trade war

Jay Powell says no Fed ‘rulebook' for Trump trade war

26 days ago   |   By New York Post

In a highly anticipated speech on Friday, Federal Reserve Chairman Jerome Powell distanced the Fed from economic impact of President Trump's trade war, saying that the Fed isn't set up to deal “international trade.” “While monetary policy is a powerful tool that works to support consumer spending, business investment, and public confidence, it cannot provide...
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Trump tweets: 'Who is our bigger enemy,' Fed Chairman Powell or Chinese President Xi?

26 days ago   |   By CNBC

President Donald Trump on Friday again ripped into Federal Reserve Chairman Jerome Powell, comparing him to Chinese President Xi Jinping.
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Meet Robert C. O'Brien, Trump's new national security adviser and a former...

Meet Robert C. O'Brien, Trump's new national security adviser and a former hostage negotiator who monitored A$AP Rocky's trial in Sweden

President Donald Trump tapped hostage negotiator Robert C. O'Brien as his new national security adviser on Wednesday. O'Brien is replacing John Bolton, who was abruptly ousted... Read more ...

Stocks finished mixed as the Fed remains divided over further rate cuts

Stocks finished mixed as the Fed remains divided over further rate cuts

Stocks finished mixed on Wednesday after the Federal Reserve delivered a highly anticipated cut to its benchmark interest rate. US indexes sank further into negative territory... Read more ...

Steve Jobs had a major role in helping Disney buy Marvel, CEO Bob Iger revealed

Steve Jobs had a major role in helping Disney buy Marvel, CEO Bob Iger revealed

Disney bought Marvel in 2009 for $4 billion, but it may not have happened without Apple cofounder Steve Jobs' help. In a Vanity Fair excerpt from Bob Iger's new book, "The Ride... Read more ...

'Bond King' Jeff Gundlach says the Fed may start expanding its balance sheet...

'Bond King' Jeff Gundlach says the Fed may start expanding its balance sheet after injecting $128 billion into markets

Jeffrey Gundlach said that the Federal Reserve may look to expand its balance sheet after a spike in overnight purchase agreements that prompted the Fed to put $128 billion... Read more ...

A Pennsylvania man used a drone to drop explosives on his ex-girlfriend's...

A Pennsylvania man used a drone to drop explosives on his ex-girlfriend's house, prosecutors say

Prosecutors have accused a Pennsylvania business owner, of strapping improvised explosives to a drone and flying it over his ex-girlfriend's house. Jason Muzzicato, a Bangor... Read more ...

No, the UFOs or 'unidentified aerial phenomena' in those grainy Navy videos...

No, the UFOs or 'unidentified aerial phenomena' in those grainy Navy videos probably aren't aliens

A group of videos, including one published by The New York Times in 2017 , shows US Navy pilots baffled by mysterious objects in the sky. The Navy has confirmed that the... Read more ...

5 Ways The Fed's New Interest Rate Cut May Affect You

5 Ways The Fed's New Interest Rate Cut May Affect You

The Federal Reserve's decision to cut interest rates could have wide-ranging implications. Read more ...

View from the top: Inside the Billionaire's Row skyscraper that just became...

View from the top: Inside the Billionaire's Row skyscraper that just became the tallest residential building in the world at 1,550 feet

Central Park Tower , a luxury residential skyscraper on Billionaires' Row in New York City , has officially reached its full height of 1,550 feet. That makes it the tallest... Read more ...

Gun violence costs the United States $229 billion annually

Gun violence costs the United States $229 billion annually

WASHINGTON - Gun violence costs the United States $229 billion annually - or 1.4 percent of GDP - according to a new report released Wednesday by the Joint Economic Committee... Read more ...

A 16-year-old was fatally stabbed in a fight where dozens of teens filmed...

A 16-year-old was fatally stabbed in a fight where dozens of teens filmed him with their phones instead of trying to help

16-year-old Khaseen Morris died of a stab wound to the chest in a fight Monday night. The fight occurred outside a mall in Oceanside, New York, and videos of Morris on the... Read more ...