Federal Reserve Chair Jerome Powell is asserting that the Fed’s interest rate decisions are about sound policy, not personal attacks. Powell defended the central bank’s decision to hold rates, despite …
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Treasury Chief Warns U.S.-China Trade War ‘Unsustainable’ as Trump Pushes Fed to Cut Rates
by admin477351In a closed-door speech for JPMorgan Chase, U.S. Treasury Secretary Scott Bessent warned that the escalating trade war with China is “unsustainable” and expects a “de-escalation” between the two global …