Economy
Trump admin. ‘squandered inheritance of a good economy with self-inflicted wounds,' expert says
In the midst of Donald Trump's trade war, the president is also escalating a fight with the chairman of the Federal Reserve, Jerome Powell. Today, in a post on social media, Trump lashed out at the chair after Powell said that Trump's tariffs are creating a “challenging scenario” for the central bank, and are likely to make inflation even worse.
Powell's mistake was 'stating the obvious': Trump blasts Fed chair's comments on tariffs
President Trump is criticizing Fed Chair Jerome Powell, saying his termination “can’t come fast enough.” This comes after Powell said Trump’s tariffs will likely lead to higher inflation and slower growth. NBC News’ Brian Cheung and Garrett Haake report more. Reuters White House Correspondent Jeff Mason and former Chairman of the Council of Economic Advisors Jason Furman join Ana Cabrera to provide insight.
Losing economic alliances and risking national security ones over trade war: Economist
President Trump’s trade war is ramping up with China. China’s President Xi visited Southeast Asia to try and charm the region as many counties reel from Trump’s tariffs. Also, California Governor Newsom is expected to file a lawsuit over the tariff policy. NBC News’ Brian Cheung breaks it all down. American Action Forum President Douglas Holtz-Eakin joins José Díaz-Balart to provide more insight.
'Traders are like vultures': Who's raking in money during the tariff chaos
As the Trump administration keeps talking about the trade deals they're going to make, American businesses and consumers are caught in the whiplash of the tariff policies. But Wall Street traders are reportedly doing extremely well. Jon Allen, Luke Broadwater, Gillian Tett, and Natasha Sarin join Stephanie Ruhle on The 11th Hour.