Larry Summers On Trade War
President Trump deepened the trade war Friday, in response to retaliatory Chinese tariffs. NPR's Scott Simon talks to former Treasury Secretary Larry Summers.
ECONOMY
Markets Fall After Trump Tweets
President Trump lashed out at China and the Federal Reserve and said he's ordering U.S. companies to find suppliers outside of China. There was a sharp sell-off on Wall Street.
Trump Announces Higher Tariffs On Goods From China After Dow Plunges 623 Points
President Trump's move came after Beijing announced tariffs on $75 billion worth of autos and other U.S. goods. In a tweet, he also "ordered" U.S. companies to stop doing business with China.
More Rate Cuts? Powell Says Fed Is Ready To Help Economy Grow Amid Trade Tensions
The central bank will "act as appropriate" to sustain the economic expansion as the trade war with China takes a toll on global growth and parts of the U.S. economy, Fed Chairman Jerome Powell says.
U.S. Central Bankers Meet In Wyoming For Annual Conference
NPR's Noel King talks to Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, who is in Jackson Hole for the annual meeting of Fed officials. Chairman Powell is expected to speak.
Is The U.S. Economy Strong Enough To Withstand Another Slowdown Or Recession?
Signs the economy is weakening have raised concerns about the Trump administration's moves to erode financial safeguards put in place after the last recession.
CBO Predicts Budget Deficit Will Reach Nearly $1 Trillion This Year
NPR's David Greene talks to Phillip Swagel, director of the nonpartisan Congressional Budget Office, who says the nation's fiscal outlook is challenging and is on an unsustainable course.
Would A Payroll Tax Cut Help The U.S. Economy?
NPR's Audie Cornish speaks with Jason Furman, who was President Obama's chief economic adviser, about Trump administration's consideration to stimulate the economy via payroll tax cuts.
The Federal Budget Deficit Is Getting Bigger As Spending Grows
The deficit is expected to swell to $960 billion this year and average $1.2 trillion in each of the next 10 years, according to congressional budget forecasters. They also expect the economy to slow.
Tomato Truce: U.S. And Mexico Strike A Deal On Imports
The U.S. agreed to lift tariffs on imported tomatoes from Mexico. But importers warn that stepped-up inspections could still create bottlenecks, limiting supplies and raising produce prices.