Trump is FED Up!
Trump is FED Up!

President Trump is not happy with the Federal Reserve. In an interview with CNBC, he said that while he put a “very good man” at the helm of the central bank (Jerome Powell), he’s “not thrilled” that interest rates are rising. The remarks got a lot of attention, because for the past twenty years or so, presidents and administration officials have abstained from commenting on the Fed’s monetary policy to preserve the central bank’s independence from partisan pressure.(For more on the complicated relationship between the Fed and Congress, check out my interview with author and Fed expert, Mark Spindel.)

Read More
BlogMark TalercioTrump, Powell, Jerom, interest rate hike, interest rates, Fed, the Fed, economy, economics, Jill Schlesinger, Jill on Money, Magnify Money, MagnifyMoney
How Much do Tariffs Cost Consumers?
How Much do Tariffs Cost Consumers?

Five days after implementing tariffs on $34 billion worth of imported Chinese goods, the Trump administration released a list of an additional $200 billion worth of Chinese imports that will be subject to a 10 percent tariff. On the day of the announcement, stocks slid, but only by about a half of a percent. By the end of the week, it seemed like investors had forgotten about the announcement and instead were focusing on corporate earnings and the strength of the economy.

Read More
BlogMark Talerciotariff, tariffs, Trump, China, Chinese, Trade War, Trade Wars, Social Security, economy, economics, CPI, inflation, Jill on Money, Jill Schlesinger