Markets drop as Powell warns of stagflation
The market jumped in Wednesday after Federal Reserve Chairman Jerome Powell painted a staggering picture of the risks facing the economy, warning of both growth and price rise as a result of the Trump administration’s tariff policy. The Dow Jones industrial average fell 700 points or 1.7% after starting the holidays with some profits. The […]
Fed Board Member Waller Warns: Tariffs May Fuel Stagflation!
Federal Reserve official Christopher Waller expressed skepticism regarding President Trump’s tariff strategy on Monday. He anticipated that the price impacts of tariffs would be “short-lived” and noted that interest rate policies might react more acutely to the effects on production and employment. “We foresee the inflationary impacts of increased tariffs being temporary, but the effects […]
A dividend ETF and a bond market play to ride out the stock turmoil and possible stagflation – CNBC
(This is a summary of major money transfer debates on CNBC's “Worldwide Exchange” exclusively for Pro Subscribers. A global exchange airs every day at 5am.) Investors focused on the potential recession are considering split investments and protection of inflation with “hint” bonds. Former Fed official Loretta Mester also gave Jerome Powell's comments from Friday and […]
Nobel-winning economist warns Trump policies risk causing stagflation
Nobel Prize-winning economist Joseph Stiglitz flagged major economic concerns under President Trump, claiming that fluctuating policies put the nation at risk of stags. “It puts all the possible worst in the world at stake: a kind of stag,” said Stiglitz, who chaired former President Clinton's Economic Adviser Council. Guardian. He said changing tariffs would cause […]