Getty Images Trump’s dissatisfaction with Powell started almost immediately US President Donald Trump has some well-known nemeses: illegal immigrants, low-flow showers and last, but definitely not least, the head of the US central bank. Elevated by Trump to lead the Federal Reserve starting in 2018, Jerome Powell almost immediately found himself under fire – described...
US President Donald Trump says he has “no intention of firing” Jerome Powell after repeatedly criticising the head of the Federal Reserve. But he added that he would like Powell to be “a little more active” when it comes to cutting interest rates. Speaking in the Oval Office on Tuesday, Trump also said he is...
David Brooks, a “conservative” columnist for The New York Times, famously reminisced about how he knew Barack Obama would become President of the United States right after he was elected Senator from Illinois. He even knew that Barack Obama would be a good president. What gave him this semi-prescient insight? (He was half right–Obama did...
US President Donald Trump has suggested Buckingham Palace is “setting a date for September” for his second state visit to the UK. The president told reporters in the White House on Thursday evening: “I was invited by the King and the country – great country.” It comes after Prime Minister Sir Keir Starmer handed Trump...
Donald Trump has attacked the head of the US central bank for not cutting interest rates, stating that Jerome Powell’s “termination cannot come fast enough!”. The US president took to social media to renew his criticism of Powell ahead of the third interest rate cut this year by European Central Bank (ECB). On Thursday, it...
Charlotte Edwards Business reporter, BBC News Getty Images The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump’s tariffs. It added “severe downside risks”, including reciprocal tariffs and political uncertainty, could lead to an even sharper decline in global goods trade. “The decline is expected...
“Coalition of the willing” meet in Brussels to discuss plans for peacekeeping force. Read full article at source...
Donald Trump is going to “make America’s showers great again” by easing rules restricting water flow, the White House says. The US president is ordering the energy secretary to rescind a change introduced by Barack Obama that restricted multi-nozzle showers from discharging over 2.5 gallons of water per minute overall. This served “a radical green...
A growing number of UK lenders are cutting mortgage rates as the fallout from US tariffs continues to fuel forecasts of deeper than expected interest rate cuts. Coventry Building Society became the largest mortgage provider to trim its two-year fixed rate mortgage to below 4% on Wednesday, joining a number of lenders who made similar...
Reuters As if the economic picture in the UK wasn’t shaky already, it has now got shakier still. The cost of living is continuing to bite for many and people will worry about the prospect of recession. It is the last thing the government could do with; it is the last thing millions of families...
Donald Trump has threatened China with an additional tariff of 50% on goods imported into the US if it does not withdraw a countermeasure and reiterated he would not pause other tariffs as global markets tumbled for a third day. Speaking at the White House on Monday the US president said that he is not...
Simon Jack Business editor EPA Prime Minister Sir Keir Starmer said on Sunday he was prepared to use industrial policy to “shelter British business from the storm” expected from US President Donald Trump’s recent wave of tariffs. A 10% “baseline” tariff on all imports into the US and a 25% tariff on car imports have...
Simon Jack Business editor Getty Images As stock markets continue to tumble after the US imposition of sweeping and swingeing tariffs, many are asking does this qualify as a stock market “crash” and what that could mean for them. The word crash has been used sparingly over the decades and is usually reserved for a...
Getty Images Donald Trump has upended global trade with his tariffs announcement Fundamentally wrong, was how Germany’s outgoing chancellor, Olaf Scholz, described the new Trump tariffs. A unilateral attack – that was the view of Spain’s Prime Minister Pedro Sánchez. French President Emmanuel Macron called them brutal, unfounded and certain to have a “massive impact”...
Amid talk of a trade war, Trump’s tariffs have also raised questions over the atmosphere at the various sports events it is due to host, not least the Ryder Cup in the US later this year. With European Union leaders highly critical of the policy, it would be little surprise if anti-European sentiment among the...