Consumer inflation advanced apace last month, supporting the Bank of Japan’s stance on a gradual rate hike path before U.S. tariff measures clouded the economic outlook. https://www.japantimes.co.jp/business/2025/04/18/economy/cpi-march/?utm_medium=Social&utm_source=mastodon #business #economy #economicindicators #japaneseeconomy #inflation #boj #rice
"The Dow Jones Industrial Average fell 700 points or 1.73%, the S&P 500 fell 2.24%, and the Nasdaq Composite fell 3.07%.
Danielle Kaye of the New York Times reports on a recent Bank of America survey that shows global investors have dumped a record amount of U.S. stocks in the past two months."
#Trump #tariffs #inflation #recession #economy #StockMarket #DowJones
/3
"Stocks fell again today after Trump’s administration said it would put limits on chip sales to China and after Federal Reserve chair Jerome Powell told the Economic Club of Chicago that Trump’s tariffs will have 'significantly larger than anticipated…economic effects, which will include higher inflation and slower growth.'"
#Trump #tariffs #inflation #recession #economy #StockMarket #DowJones
/2
As numerous media outlets are reporting, yesterday, Federal Reserve Chair Jerome Powell said that the predictable effect of Trump's tariff madness will be “higher inflation, slower growth.”
Trump is now, of course, furious and calling for Powell's termination.
#Trump's post came a day after #JeromePowell warned that the #tariffs from the Trump admin are likely to cause both higher prices & slower economic growth.
"Tariffs are highly likely to generate at least a temporary rise in #inflation," Powell told the Economic Club of Chicago, noting that Trump's import #taxes were higher than most forecasters had expected. "The inflationary effects could also be more persistent."
#Trump was evidently frustrated that the European Central Bank was preparing to lower interest rates for the 7th time, while the #FederalReserve is in a holding pattern. Of course, European leaders have not imposed triple-digit #tariffs which threaten to rekindle #inflation.
#Trump calls for #Fed Chair #JeromePowell's 'termination'
Trump renewed his attack on Federal Reserve chair Jerome Powell Thurs for not cutting interest rates, even as Trump's own #TradeWar makes rate cuts more difficult.
In a social media post, Trump complained that Powell is "always TOO LATE AND WRONG," & he insisted the Fed chairman's "termination cannot come fast enough!"
#law #independent #FederalAgency #autocracy #tyranny #economy #tariffs #inflation #recession
https://www.npr.org/2025/04/17/nx-s1-5367696/trump-jerome-powell-federal-reserve-economy-tariffs
Torque Metals ( #TOR ) has released " Registration of Scheme Booklet with ASIC " on Thu 17 Apr at 17:09 AEST #Inflation #Russia #tax #ArtificialIntelligence #government
https://grafa.com/asset/torque-metals-ltd-10372-tor.asx?utm_source=asxmktsensitive&utm_medium=mastodon&utm_campaign=tor.asx
Aston Minerals ( #ASO ) has released " Registration of Scheme Booklet with ASIC " on Thu 17 Apr at 17:09 AEST #Inflation #Russia #tax #ArtificialIntelligence #government
https://grafa.com/asset/aston-minerals-ltd-5586-aso.asx?utm_source=asxmktsensitive&utm_medium=mastodon&utm_campaign=aso.asx
Fed's #Powell says #tariffs could lead to #inflation, economic slowdown https://www.cbsnews.com/minnesota/news/jerome-powell-speech-today-federal-reserve-inflation-tariffs/?intcid=CNM-00-10abd1h
With wholesale prices for domestic rice surging about 70% over the past year, there are already signs of a seismic change in mindset in Japan about importing the staple grain. https://www.japantimes.co.jp/news/2025/04/17/japan/japan-imported-rice-consumption/?utm_medium=Social&utm_source=mastodon #japan #rice #inflation #tariffs #donaldtrump #restaurants #consumerspending #retailers
The 3 major #US #stock indexes extended declines in afternoon trading on Wednesday while #JeromePowell spoke.
"Powell’s saying what the market has been fearing all along. And it’s coming from the Fed chief, confirming all these things," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
#US #economy #Trump #policy #Fed #US #law #regulation #currency #inflation #tariffs #recession
#JeromePowell said #Fed independence is a matter of #law! [tyvm]
His remarks on Fed independence drew a round of audience applause in Chicago.
He said:
We are protected in the law
Fed independence has broad support across political parties
I don't think the case before #SCOTUS on independent agencies will apply to the Fed
Fed is not going to be influenced by political pressure
#US #economy #Trump #policy #US #law #regulation #currency #inflation #tariffs #recession
#AI likely to bring dramatic change, #JeromePowell says
Powell also said:
AI is more than a better version of Google, and it's like a better version of a person [at least he doesn’t confuse it with a steak sauce]
AI is one of the two or three things likely to bring dramatic change to the economy
It's hard to know how it will shakeout
#US #economy #Trump #policy #Fed #US #law #regulation #currency #inflation #tariffs #recession
#JeromePowell on #cryptocurrency
#Crypto is becoming more mainstream, & a #legal framework for #stablecoins is a good idea
Stablecoins could have wide appeal, & *should* have #ConsumerProtections!
There will be some loosening of rules to allow innovation, but it needs to be done in ways that does not make banks less safe & sound
#US #economy #Trump #policy #Fed #US #law #regulation #currency #inflation #tariffs #recession
Federal debt is on an unsustainable path, though not at an unsustainable level.
Running large deficits w/full employment is a situation the country has to address
Domestic discretionary spending is small & declining as a share of federal spending; that is not the problem
So much of the dialogue from politicians is about discretionary spending, which is not the issue.
#US #economy #Trump #policy #Fed #US #inflation #tariffs #recession
#JeromePowell said #markets are processing the #policy changes, but they are functioning.
"What I think is going on in markets is markets are processing what's going on, markets are struggling with a lot of #uncertainty & that means #volatility.”
He also said that volatility is likely to continue given the high uncertainty.