President Trump and Federal Reserve Chair Jerome Powell are facing off over how the central bank will respond to the economic impact of the White House’s trade war.
Trump and Powell appear to be locked on a collision course with each other as the Fed has maintained a pause in rate cuts in response to sticky inflation while Trump’s tariffs promise additional upward pressure on prices.
As Powell sounds the alarm over the stagflationary risks …
Trump and Powell set for showdown as tariffs rattle markets
April 18, 2025