Recent market jitters are due to real-world events, but Trump reportedly sees them as a plot against him.
Powell will deliver a speech Friday that will be watched closely for hints of upcoming interest rate cuts, which Trump haswhen an industry bubble crashes, like with the early 2000s dot-com bust, or the 2007-2008 mortgage crisis. This time, ongoing trade tensions between the U.S.
and China are weakening global business investment, as executives have taken a “wait and see approach” to the dispute. Uncertain global markets could then cause job losses and hurt consumer confidence at home, causing the economy to shrink. If President Trump needed to work with Congress to pass legislation to stimulate the economy, Democrats could be difficult to bring on board, due to the President’s polarizing rhetoric. It remains unclear how the U.S.
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