The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Washington DC, in a high-stakes move impacting global trade, former President Donald Trump announced on Sunday that he has agreed to extend the deadline for imposing a 50% tariff on European Union exports to the United States. The extension follows a phone call with Ursula von der Leyen, President of the European Commission, and gives both sides until July 9, 2025, to negotiate a resolution.
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the staff of the Ridgewood blog
Chicago Il, Federal Reserve Chairman Jerome Powell issued a cautious economic outlook on Wednesday, stating that the central bank will “wait for greater clarity” before considering any changes to interest rates. His comments come amid rising concerns that President Trump’s tariffs may fuel both higher inflation and slower economic growth, creating a policy dilemma for the Fed.
Continue reading Fed Chair Jerome Powell: Tariffs Could Spark Higher Inflation, Slower Growth
