Donald Trump, Jerome Powell and Federal Reserve
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The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto loans.
Prominent lawyer Neal Katyal of law firm Milbank will charge a sharply reduced hourly rate and not his standard $3,250 as he helps to defend two New Jersey cities sued by President Donald Trump’s administration over their immigration policies,
The trade pact with Brussels will be similar to the one agreed with Japan earlier this week, according to The Wall Street Journal.
President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on imports including automobiles from the key American ally, while creating a $550 billion fund to make investments in the US.
Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.
In comments to the press on Tuesday, President Donald Trump suggested he is considering eliminating capital gains taxes on the sale of homes.
WSJ’s Meridith McGraw breaks down the awkward exchange between President Trump and Fed Chair Jerome Powell, following weeks of Trump steadily badgering the Fed leader. Photo: Kent Nishimura/Reuters