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Fed chair says Trump's trade wars are starting to worry businesses, and the end result could be ugly

8 days ago   |   By Business Insider

Drew Angerer/Getty Images
Federal Reserve Chair Jerome Powell weighed in on President Donald Trump's trade policy in an interview released Thursday.
Powell said the eventual result of Trump's tariffs and increased protectionism remains unclear.
But he offered support for lower trade barriers in general.
Powell also referenced a worst-case scenario in which tariffs drive up prices for consumers while also hurting the economy overall.
Federal Reserve Chair Jerome Powell, in an interview published Thursday, suggested he isn't sure how President Donald Trump's trade battles are going to turn...
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Rebuking Trump can be risky - so Republicans take to congressional hearings to berate administration officials on trade

Rebuking Trump can be risky - so Republicans take to congressional hearings to berate administration officials on trade

8 days ago   |   By Business Insider

Drew Angerer/Getty Images
Republicans are by and large against the trade policies that President Donald Trump has implemented over the past several months, worrying they will hurt economic gains.
But in a new era in which enraging the president can be politically dangerous, GOP lawmakers have taken to congressional committee hearings with White House officials to berate them and air their grievances.
But utilizing legislative power to rein in executive authority on trade is at a standstill in Congress.
WASHINGTON - A new theme is developing on Capitol Hill.
In an era in which swearing...
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