If Trump’s effort to remove Lisa Cook for cause succeeds, & perhaps even if it doesn’t, this week will go down as one of the most consequential for FIN mkts in decades.

It isn’t just the US. Other countries have also come to expect an indep US central bank.

🚨W/o indep, the Fed couldn’t be trusted to give priority to low #inflation over the president’s other priorities.

Many on WS have privately worried that pol pressure will🚨undermine the Fed’s credibility.
#Fed #USPol https://www.wsj.com/economy/central-banking/get-ready-for-the-end-of-fed-independence-5a52a824

The 50% rate, half of which is punishment for #India buying #oil from #Russia, is expected to damage many Indian exporters that collectively employ millions of people. The move could rupture America’s expanding economic relationship with India, where ⅔ of the largest #US #corporations have #offshore operations. The tariff also undermines the stability of billions of dollars of foreign investment in India’s #StockMarket, the world’s 4th largest.

#Trump #economy #tariffs #inflation #recession

Full Weight of #US#Tariffs Slams Into Effect Against #India

As punishment for buying #oil from #Russia, #Trump is doubling the tax on goods imported from India, jeopardizing a relationship decades in the making.

Trump on Wednesday followed through on his threat to impose a 50% tariff on nearly all goods arriving from India, leveling one of his most punitive tariffs at a country with deep ties to the #UnitedStates.

#economy #inflation #recession
https://www.nytimes.com/2025/08/27/business/india-tariffs-trump-russia-oil.html?smid=nytcore-ios-share&referringSource=articleShare

Full Weight of #US#Tariffs Slams Into Effect Against #India

As punishment for buying #oil from #Russia, #Trump is doubling the tax on goods imported from India, jeopardizing a relationship decades in the making.

Trump on Wednesday followed through on his threat to impose a 50% tariff on nearly all goods arriving from India, leveling one of his most punitive tariffs at a country with deep ties to the #UnitedStates.

#economy #inflation #recession
https://www.nytimes.com/2025/08/27/business/india-tariffs-trump-russia-oil.html?smid=nytcore-ios-share&referringSource=articleShare

If Trump’s effort to remove Lisa Cook for cause succeeds, & perhaps even if it doesn’t, this week will go down as one of the most consequential for FIN mkts in decades.

It isn’t just the US. Other countries have also come to expect an indep US central bank.

🚨W/o indep, the Fed couldn’t be trusted to give priority to low #inflation over the president’s other priorities.

Many on WS have privately worried that pol pressure will🚨undermine the Fed’s credibility.
#Fed #USPol https://www.wsj.com/economy/central-banking/get-ready-for-the-end-of-fed-independence-5a52a824

"Inflation fears:🚨back. Consumers expect prices to⬆️6.2% over: next year, up from 5.7% in July.

#Inflation expectations are critical bc they shape real spending.

Mentions of #tariffs rose, ppl worry *mean higher prices.

When HHs feel everyday essentials are getting more expensive, conf: weakens.

Stock mkt outlook: dimmed. 47.4% expect stock prices to rise over the next year, down from 48.9% in July.

54% expect %rates to rise in the next year (vs 53.1% in July).
-Stk Mkt News
#Economy #USPol

"Inflation fears:🚨back. Consumers expect prices to⬆️6.2% over: next year, up from 5.7% in July.

#Inflation expectations are critical bc they shape real spending.

Mentions of #tariffs rose, ppl worry *mean higher prices.

When HHs feel everyday essentials are getting more expensive, conf: weakens.

Stock mkt outlook: dimmed. 47.4% expect stock prices to rise over the next year, down from 48.9% in July.

54% expect %rates to rise in the next year (vs 53.1% in July).
-Stk Mkt News
#Economy #USPol

The new head of the #Bank for International Settlements used his first prominent speech to stress the need for central banks to focus on #inflation & for their #independence from #politicians to be protected.

"A clear price stability mandate, independence & accountability are the anchor, hull & mast of the monetary policy vessel," Pablo Hernandez de Cos, who in July took over as General Manager of #BIS, often dubbed the central bankers' #CentralBank, said.

#Trump #law#FederalReserve#LisaCook

Former #FederalReserve Chair Arthur Burns has been widely blamed for allowing the painful #inflation of that era to accelerate by succumbing to pressure from President Richard Nixon to keep #InterestRates low heading into the 1972 election. #Nixon feared higher rates would cost him the election, which he won in a landslide.

The #FederalReserve wields extensive power over the US #economy. By cutting the short-term interest rate it controls — which it typically does when the economy falters — the Fed can make borrowing cheaper & encourage more spending, accelerating growth & hiring. When it raises the rate — which it does to cool the economy & combat #inflation — it can weaken the economy & cause job losses.