In a new escalation of tensions between the White House and the Federal Reserve, U.S. President Donald Trump launched a scathing attack on Federal Reserve Chairman Jerome Powell, accusing him of "not doing a good job."
These fiery remarks came during a campaign rally in Michigan, heightening the debate over the independence of the central bank and the impact of monetary policy on the U.S. economy.
In an attempt to calm growing fears about the trade war and its effect on the auto sector, Trump signed two executive orders on Tuesday aimed at easing tariffs on automobiles.
These measures include a mix of credit licenses and exemptions from tariffs on materials used in car manufacturing, as well as granting auto companies a two-year grace period to increase the percentage of domestic components in vehicles assembled within the United States.
These developments come at a critical time for the U.S. economy, which is facing increasing challenges due to the trade war and rising interest rates. Will Trump's measures succeed in calming the markets and stimulating growth, or will they exacerbate the economic crisis? Will Trump continue his sharp criticisms of Powell, or will he seek a truce with the Federal Reserve? These questions and others will remain on the table in the days and weeks to come, amid cautious anticipation from markets and observers.
