US central banker says no rush to cut interest rates with economy and labor market still solid and lot still unclear about size and scope of tariffs.
The recent sell-off in equities and the reintroduction of tariffs under Trump’s proposed policies have reignited fears of a U.S. recession in 2025.
The signs of stress on Wall Street have mounted amid the many uncertainties triggered by President Trump’s tariffs.
Tech-billionaire Elon Musk made direct yet unsuccessful appeals to U.S. President Donald Trump to reverse tariffs over the past weekend.