Reported about 21 hours ago
President Trump's trade war is causing economic turmoil, leading to stock declines and recession fears. Instead of reversing tariffs or pursuing trade deals to alleviate the situation, Trump is escalating tensions with the Federal Reserve, demanding interest rate cuts. His anger towards Fed Chair Jerome Powell has intensified, and he's even suggested firing him. However, Powell is unlikely to respond to Trump's demands as the Fed aims to control inflation exacerbated by Trump's tariffs. As tensions rise, investors face growing uncertainty regarding the economic implications of Trump's actions.
Source: YAHOO