Primary Country (Mandatory)

United States

Other Country (Optional)

Set News Language for United States

Primary Language (Mandatory)
English
Other Language[s] (Optional)
No other language available

Set News Language for World

Primary Language (Mandatory)
English
Other Language(s) (Optional)

Set News Source for United States

Primary Source (Mandatory)
CNN
Other Source[s] (Optional)

Set News Source for World

Primary Source (Mandatory)
AajTak
Other Source(s) (Optional)
  • Countries
    • India
    • United States
    • Qatar
    • Germany
    • China
    • Canada
    • World
  • Categories
    • National
    • International
    • Business
    • Entertainment
    • Sports
    • Special
    • All Categories
  • Available Languages for United States
    • English
  • All Languages
    • English
    • Hindi
    • Arabic
    • German
    • Chinese
    • French
  • Sources
    • India
      • AajTak
      • NDTV India
      • The Hindu
      • India Today
      • Zee News
      • NDTV
      • BBC
      • The Wire
      • News18
      • News 24
      • The Quint
      • ABP News
      • Zee News
      • News 24
    • United States
      • CNN
      • Fox News
      • Al Jazeera
      • CBSN
      • NY Post
      • Voice of America
      • The New York Times
      • HuffPost
      • ABC News
      • Newsy
    • Qatar
      • Al Jazeera
      • Al Arab
      • The Peninsula
      • Gulf Times
      • Al Sharq
      • Qatar Tribune
      • Al Raya
      • Lusail
    • Germany
      • DW
      • ZDF
      • ProSieben
      • RTL
      • n-tv
      • Die Welt
      • Süddeutsche Zeitung
      • Frankfurter Rundschau
    • China
      • China Daily
      • BBC
      • The New York Times
      • Voice of America
      • Beijing Daily
      • The Epoch Times
      • Ta Kung Pao
      • Xinmin Evening News
    • Canada
      • CBC
      • Radio-Canada
      • CTV
      • TVA Nouvelles
      • Le Journal de Montréal
      • Global News
      • BNN Bloomberg
      • Métro
Hoowel Smart Watch for Men and Women Buy Now
Men's Manicure & Pedicure Kit Buy Now
Kanjivaram Soft Silk Saree Buy Now
Digital Resin Strap Watch Buy Now
Long Sleeve Sweater for Men Buy Now
SAMPEEL Crop Tops Buy Now
AUTOMET Long Sleeve Tee Buy Now
ZENOTTIC Polarized Sunglasses Buy Now
CQR Mens Tactical Pants Buy Now
Men's Ecosmart Fleece Sweatshirt Buy Now
Women's Joggers Pants Buy Now
Retractable 3A Multi Charging Cord Buy Now
MAIBAOTA 8-Piece Men's Necklace Set Buy Now
6-Port 50W Multi-Device Charging Dock Buy Now
Plus Size Colorblock Tank Top Buy Now
KUYIGO Mens Henley T-Shirts Buy Now
OQQ Women's 2 Piece Skirts Buy Now
Reebok Princess Sneakers Buy Now
Lenovo Tab M9-2023 - Tablet - Long Battery Life Buy Now
Anne Klein Bracelet Watch Buy Now
MoreBack to News Headlines
The Fed keeps brushing off concerns about another Trump presidency. Closed-door meetings from his first term show otherwise

The Fed keeps brushing off concerns about another Trump presidency. Closed-door meetings from his first term show otherwise

CNN
Sunday, September 15, 2024 3:33 PM GMT

If voted into office in the November US presidential election, former President Donald Trump said he promises to impose sweeping tariffs of at least 10% on all foreign imports, up to 60% for some Chinese products, and levies as high as 100% for countries that abandon the dollar as their reserve currency.

Federal Reserve officials won’t say how former President Donald Trump winning a second term could impact the economy. Actually, the Fed prides itself on avoiding even the suggestion that it is wading into politics. But transcripts of closed-door Fed meetings from Trump’s first term give some clues about top economists’ true feelings about Trump’s economic agenda. If voted into office in the November US presidential election, Trump has promised to impose sweeping tariffs of at least 10% on all foreign imports, up to 60% for some Chinese products, and levies as high as 100% for countries that abandon the dollar as their reserve currency. If enacted, those policies could have wide-reaching effects on the US economy as well as economies across the globe. To better understand what that could look like, US lawmakers have sought the input of the leader of the largest economy in the world: Fed Chair Jerome Powell. But when asked in congressional hearings, press conferences and in letters from lawmakers to weigh in on the issue of tariffs, Powell has stood his ground. As head of the US central bank, an independent and apolitical agency, he said he has an obligation not to comment on political agendas. “We also don’t comment on trade policy,” Powell said in response to a question from Sen. Jack Reed, a Democrat from Rhode Island, in testimony before the Senate Banking Committee in July, when asked about the effect of the tariffs that Trump has proposed.

Read full story on CNN
Share this story on:-
Run 3 Space | Play Space Running GamePlay Run 3, the ultimate space tunnel running game with 300+ challenging levels!Adv.
Traffic Jam 3D | Online Racing GameTraffic Jam 3D is a game where you’ll be driving through heavy traffic.Adv.
Duck Hunt | Play Old Classic GamePlay the classic 1984 light gun shooter game Duck Hunt on your browser.Adv.
More Related News
How Trump’s tariffs and other policies are ‘raising hell,’ according to business owners

American businesses are fed up with President Donald Trump’s major

The White House’s fuzzy math is starting to haunt the ‘Big, Beautiful Bill’

Elon Musk’s 36-word social media missile directed at the cornerstone of President Donald Trump’s legislative agenda marked the latest, if most visceral, example of a growing problem for the White House.

Private-sector firms added just 37,000 jobs in May, the lowest total in more than two years

High economic uncertainy has hiring grinding to a halt at US businesses.

Pornhub exits France over age verification law

The owner of Pornhub has suspended access to the website for users in France because of its objections to a new French law requiring pornographic sites to verify the age of their users, the country’s communications regulator said Tuesday.

US companies are scrambling to move supply chains. This small island could be the answer

While many US businesses are shifting manufacturing to southeast Asian countries to avoid heavy tariffs on China, the Dominican Republic has emerged as an attractive option thanks to its “free zones” and proximity to the US.

Trump calls dealmaking with China’s Xi ‘extremely hard’ as frictions rise

US President Donald Trump said Chinese leader Xi Jinping was “extremely hard to make a deal with” in a comment that comes as frictions rise between the two countries, weeks after they reached an agreement to de-escalate trade tensions.

Google’s DeepMind CEO has two worries when it comes to AI. Losing jobs isn’t one of them

The CEO of Google’s AI research arm DeepMind isn’t too worried about an AI “jobpocalypse.”

The Trump administration just doubled the tariffs on steel and aluminum imports. Here’s what that means

US tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, a move cheered by the beleaguered US steel industry but decried by heavy users of the metals, from car makers to can manufacturers.

Warner Bros. Discovery shareholders reject CEO David Zaslav’s pay package

Warner Bros. Discovery shareholders voted on Tuesday to reject the pay packages for several of the company’s executives, including CEO David Zaslav’s compensation package of more than $50 million.

Trump asked Congress to claw back funding for PBS and NPR. What now?

America’s two big public broadcasters, PBS and NPR, have 45 days to salvage their federal funding — starting now.

Ray Dalio: ‘We should be afraid of the bond market’

The US is at a low risk of an imminent economic crisis — but high risk in the long term, billionaire investor Ray Dalio writes in a new book.

The McDonald’s Snack Wrap is returning next month

McDonald’s is bringing back a once-iconic, long-requested, fan favorite food item: the Snack Wrap.

Job openings unexpectedly increased in April, a sign of US labor market resilience

The number of available jobs in the US unexpectedly increased in April, signaling a potential undercurrent of strength in the labor market despite broader economic uncertainty.

Parking Slot | Free Parking GamePlay Parking Slot, the best online 3D car driving and parking game.Adv.
Slope Ball Run - Play OnlineSlope Game takes you on an exciting journey of a ball on special paths.Adv.
Media mogul Shari Redstone says she is being treated for cancer

Shari Redstone, the media mogul who has been trying to sell Paramount in a politically fraught transaction, is undergoing treatment for cancer.

Has social media master Trump finally been outmatched by Elon Musk?

President Trump, the poster-in-chief, may have finally been outposted — by the owner of the social media platform he used to love.

DOGE layoffs may have compromised the accuracy of government data

In the early days of President Donald Trump’s second term in office, federal websites went dark and data disappeared as the newly formed Department of Government Efficiency set its sights on streamlining the government.

What do you do when you’re the lone Democrat on Trump’s FCC? You go on tour

Anna Gomez, soon to be the lone Democrat on the Federal Communications Commission, has been sounding the alarm about President Trump’s “weaponization” of her agency against the press. And now she’s taking it on the road.

UnitedHealthcare sues The Guardian for looking to ‘capitalize’ on CEO’s murder

UnitedHealthcare sued The Guardian on Wednesday for defamation, claiming the British daily ran information it knew to be incorrect in order to “capitalize” on its CEO’s assassination.

Trump is increasingly hostile to China. He’s playing with fire

Despite widespread concerns that the trade war is dragging down America’s economy, President Donald Trump has notched quite a few wins on his economic belt in recent weeks.

Friday’s jobs report could show how much US employers will bend before they break

Economists expect that the May jobs report could point to a softening labor market as hiring continues to slow amid economic uncertainty.

The Nintendo Switch 2 launches today. Here’s what to know

It’s a big day for Nintendo fans. The gaming giant’s new console, the $450 Switch 2, arrives on store shelves globally after being announced in April — marking Nintendo’s first major console launch since the original Switch arrived roughly eight years ago.

Europe cuts its interest rate as inflation drops below target

The European Central Bank on Thursday cut its main interest rate again, citing falling inflation.

Hooters abruptly closes dozens of restaurants

Hooters has abruptly closed dozens of locations just a few months after the chicken wing chain filed for bankruptcy and proclaimed it wasn’t “going anywhere.”

Pampers diaper maker will slash 7,000 jobs as tariffs fuel uncertainty

Procter & Gamble said Thursday it would cut 7,000 jobs or about 6% of its total workforce over the next two years, as part of a new restructuring plan to counter uneven consumer demand and higher costs due to tariff uncertainty.

EU sounds alarm to China over rare earth export controls

The European Union has urged China to ease restrictions on rare earth materials – critical for everything from cars to washing machines – after Beijing’s export controls disrupted supplies and triggered production turmoil across industries in Europe and America.

© 2008 - 2025 Webjosh  |  News Archive  |  Privacy Policy  |  Contact Us