Powell noted that when Trump applied tariffs during his last administration, the Fed ended up lowering its key rate because the GDP slowed so much. Trump expects the same this time around. However, ...

Since January, the economic policy uncertainty index has spiked 41% to a level, 334.5, that in the past signaled a recession.

U.S. inflation risks, which were already rising, have worsened, leaving the Federal Reserve on the sidelines for several ...