Trump’s Tariffs and Spending Cuts Raise Recession Concerns
Federal Reserve faces tough decisions as economic uncertainty grows under new policies.
- President Trump has implemented significant tariffs and federal spending cuts, prompting fears of slower economic growth and rising prices.
- The Federal Reserve is expected to hold interest rates steady at its upcoming meeting but faces pressure to balance inflation control with potential recession risks.
- Economists and businesses report declining consumer and business confidence, with key indicators such as the stock market and manufacturing showing signs of weakening.
- Trump's administration views the current economic strategy as a necessary 'detox,' though it risks short-term pain, including higher costs for American families and potential job losses.
- Global trade tensions are escalating, with Trump threatening further tariffs on Canada and Europe, which could strain international alliances and economic stability.