Fed, Trump and Jerome Powell
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Trump was receiving a tour of the ongoing building renovations from Powell, and when they approached the press, Trump said the project cost $3.1 billion.
The candidates on President Donald Trump's shortlist to succeed Chairman Jerome Powell is starting to become more apparent.
Shape-shifting tariffs may be an act of self-harm but they hurt global trade and growth. After being smacked with a 25 per cent tariff, Tokyo this week did a deal with the US. Japan opened up its economy to American rice and cars, and the impost on Japanese imports was cut to 15 per cent.
President Donald Trump is scheduled to visit the Federal Reserve on Thursday, a trip that will be closely watched amid ongoing tensions between the White House and Fed leadership.