"From the "Love Island" villa to the Coldplay "kiss cam," it's been a summer full of interesting relationships. However, President Donald Trump and Fed Chair Jerome Powell's relationship, or lack thereof, has the biggest impact on the business world. Powell's decision to keep rates steady this summer only fueled the fire. And Trump's ire for Powell has now extended to some of his colleagues, who are also fighting back."
"The president's push to correct what he views as a global trade imbalance against the US is still in the spotlight. Some progress was made. The US and EU locked in a trade deal that'll see a 15% tax on most European goods. However, the elephant in the room - China - remains. Both sides have threatened taxes on each other's goods in the triple digits. The global superpowers have called a truce, but the clock is ticking on the November 10 deadline."
Summer's informal end around Labor Day coincides with a business calendar reset and renewed professional focus. President Donald Trump and Fed Chair Jerome Powell exhibit strained relations that strongly influence markets, with Powell's summer decision to keep rates steady intensifying tensions. Powell's Jackson Hole speech suggested interest-rate cuts may occur soon, raising questions about timing and a possible reimagined central bank under Trump. Trade policy remains central, marked by a US-EU agreement imposing a 15% tax on most European goods and unresolved tensions with China ahead of a November 10 deadline. Media consolidation continued with Skydance's finalized acquisition of Paramount under FCC conditions.
Read at Business Insider
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