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  5. US Fed chair warns of potential inflation and growth slowdown due to ongoing trade tensions with China

US Fed chair warns of potential inflation and growth slowdown due to ongoing trade tensions with China

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Recent developments in the trade tensions between the US and China have led to a significant downturn in stock markets, with major indexes dropping 9%. This has been exacerbated by China's announcement of a 34% tariff on US goods, mirroring the rate imposed by the US on Chinese imports. As a result, the Federal Reserve (Fed) is expected to maintain its current benchmark interest rate of 4.3%.

  1. US
    Jerome Powell
    Federal Reserve System
    1. There's a lot of waiting and seeing going on, including by us. And that just seems like the right thing to do in this period of uncertainty.
    2. It is now becoming clear that the tariff increases will be significantly larger than expected.
    3. The same is likely to be true of the economic effects, which will include higher inflation and slower growth.
  2. US
    Donald Trump
    Republican Party
    1. This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!
    2. We put ourselves in the driver's seat. If we would have asked these countries to do us a favor, they would have said no. Now they will do anything for us.
  3. US
    Scott Kennedy
    Center for Strategic and International Studies
    1. Given the U.S.'s threat to punish those who retaliate, we can anticipate that the U.S. may double its tariffs on China (to the full 67 percent level), in which case China would as well.
  4. US
    Kathy Bostjancic
    Nationwide Mutual
    1. The Fed is in a tough spot with inflation set to accelerate and the economy poised to slow.
  5. US
    Pavel Molchanov
    Raymond James
    1. To state the obvious, the highest U.S. tariffs in more than 100 years, plus retaliation, will have the effect of slowing the economy around the world, and that is fundamentally a headwind for oil demand.

US Economy

  1. US Federal Reserve maintains pause in rate cuts amid uncertainty over inflation and unemployment risks
  2. US economy contracts in first quarter
  3. US President Trump reaffirms commitment to not terminating Federal Reserve chairman amidst ongoing economic disputes

sources

  1. 1.CNA News
  2. 2.The Times of India
  3. 3.The Washington Post
  4. 4.France 24

perspectives

  1. 1.US under Donald Trump
  2. 2.US Politics
  3. 3.US under Joe Biden
  4. 4.US Economy
  5. 5.Inflation
  6. 6.Central Bank

countries

  1. 1.ChinaCN
  2. 2.IndiaIN
  3. 3.United StatesUS

organizations

  1. 1.Federal Reserve SystemUS
  2. 2.CBOE
  3. 3.AppleUS
  4. 4.Center for Strategic and International StudiesUS
  5. 5.DuPont
  6. 6.European Union
  7. 7.JPMorgan Chase
  8. 8.Nasdaq
  9. 9.NvidiaUS
  10. 10.Raymond James
  11. 11.TeslaUS
  12. 12.Truth Social

persons

  1. 1.Jerome PowellUS
  2. 2.Donald TrumpUS
  3. 3.Joe Mazur
  4. 4.Kathy BostjancicUS
  5. 5.Michael FarrUS
  6. 6.Pavel MolchanovUS
  7. 7.Scott KennedyUS