Donald Trump’s claim on Thursday that he has the right to fire Federal Reserve chair Jay Powell has thrust a precedent that has protected independent government agencies for the past nine decades into the spotlight. The president on Thursday attacked Powell, saying “he’s always too late, a little slow. And I’m not happy with him.”

Donald Trump has hit out at the chair of the US Federal Reserve for not lowering interest rates, stating Jerome Powell’s “termination cannot come fast enough”. In a social media post on Thursday, the US president called on the Federal Reserve to cut interest rates, raising concerns that Mr Trump could seek to oust Mr

With the US’s new trade policies, it seems like the US chipmaker Intel hasn’t seen any exemption at all, as it is reported that the firm would require an export license to sell its Gaudi chips to China. Intel Would Now Need A License To Sell Gaudi Chips To China; Not Much of a Business

Jerome Powell during a House Financial Services Committee hearing on February 12, 2025. Photo: Daniel Heuer/Bloomberg/Getty Images At the start of his second term, Donald Trump has been leaning into two of his favorite negotiation tactics: hurling threats and bestowing dumb nicknames on his adversaries. The effectiveness of these strategies is debatable. While plenty of

The Federal Reserve chairman, Jerome Powell, is that someone. Bonnie Cash / Getty April 17, 2025, 11:15 AM ET Can the U.S. president fire the chairman of the Federal Reserve because he does not like the job the chairman is doing? Once upon a time, the answer was a well-understood no. The Federal Reserve was

Powell says he’s determined to serve out the rest of his term, which runs through spring of 2026. In the picture, Powell departs after speaking at an an Economic Club of Chicago event in Chicago on April 16, 2025. Vincent Alban/Getty Images North America hide caption toggle caption Vincent Alban/Getty Images North America President Trump

Dado Ruvic/REUTERS This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Chip stocks got a glimmer of good news on Thursday after TSMC reported earnings. TSMC beat profit expectations and, perhaps more importantly, didn’t cut its annual sales forecast. Concern has been mounting

1998至2018年間擔任港區全國人大代表達20年的劉佩瓊是在本港土生土長的著名中國經濟學家，於1968年畢業於中文大學新亞書院經濟系後，曾任理工大學工商管理學院副教授、中國商貿及管理碩士學位/深造文憑開設課程原主任，現時則是浸會大學工商管理學院特邀教授。本月以來中美貿易戰愈演愈烈之際，劉佩瓊近日主講由中國國情研習促進會（香港）副會長范耀鈞主持的「經濟『范』泛講」網上研討會，以「今年『兩會』的國家經濟發展重大方針、政策和展望」為題發表觀點外，亦談及對中美貿易戰及內地樓市的最新看法。 就美國向中國加徵「對等關稅」後雙方貿易戰至今升溫，劉佩瓊表示：「其實美國2018年至今一直有向中國加徵關稅，而我認為中國應對方法，便是加強對東盟及一帶一路發展中國家的貿易與市場，而近年美國佔中國出口市場份額已經大幅下降，但這仍然是好大的分量，因此美國仍然是中國十分希望爭取的出口市場。我認識一些朋友近年將部分生產線搬走，主要是搬去東南亞，亦有搬去南美洲及墨西哥等地，雖然在後兩者設廠曾有一些物流問題，惟隨着中國企業作為主要投資者的秘魯錢凱港已在去年啟用，貨物現已有新的運輸方式，故此物流問題亦已明顯改善。」 內地推「一攬子增量政策」準備好迎貿易戰 劉佩瓊續說，根據她的廠商朋友提供的資料，目前美國向中國大幅加徵關稅後，關稅開支大概由美國消費者及中國生產者各承擔一半，視乎不同產品而略有不同，換言之，相當部分也會轉嫁至美國消費者，令當地通脹升溫。 至於中美貿易戰升溫對中國經濟的影響，劉佩瓊指出，目前中國政策大方向是在2022年10月召開的中共二十大選出新一屆政治局常委及政治局委員已決定，2023年3月全國「兩會」後則有新一屆政府班底，去年7月三中全會閉幕後，去年9月召開政治局會議提到「加力推出增量政策」，估計便是因應面對國際複雜形勢及國內眾多問題提出來的，而去年12月舉行、部署今年經濟工作的中央經濟工作會議便曾提到去年9月的政治局會議「果斷部署一攬子增量政策，使社會信心有效提振，經濟明顯回升」，可見幾個月前已為中美貿易戰可能升溫做好準備。 劉佩瓊指出，內地政府今年以來仍然多次提及「一攬子增量政策」，當中包括大力發展內需、提振消費，減少對外圍經濟的依賴，同時亦繼續重視科技創新及發展現代化產業，目標是在各領域上均不受制於其他國家。 去年9月政治局促內房止跌回穩 政策續出台 去年9月召開政治局會議首次提到「要促進房地產市場止跌回穩」，指出「對商品房建設要嚴控增量、優化存量、提高質量」及「要回應群眾關切，調整住房限購政策，降低存量房貸利率，抓緊完善土地、財稅、金融等政策，推動構建房地產發展新模式。」 房地產為人民儲存財富重要形式 劉佩瓊認為，上述提到的內地房地產政策在過去8個月不少已成功落實，這對促進市場止跌回穩有很大的幫助。她分析，內地房地產現已定調細分為剛性及改善性住房需求兩大市場，指政府會繼續致力滿足居民剛性住房需求、令普羅百姓均有屋住，同時亦會以市場為本方針滿足改善性住房需求，認為這對未來私人住宅市場的發展屬正面，她表示：「房地產是民間投資一個很重要的工具，原因是在城市裏面有些房地產是由業主出租予租戶做生意或居住，這也是人民儲存財富的重要形式。」 明報記者 葉創成 [名人樓市論壇] Source link

A rare event for equities may be just what’s needed to stoke the flames of optimism on Wall Street. For the better part of the last two and a half years, the bulls have been in full control on Wall Street. Excitement surrounding the rise of artificial intelligence, euphoria concerning stock splits in some of

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nvidia chief executive Jensen Huang visited Beijing on Thursday after new curbs from Washington on the US chipmaker’s China sales sent its shares tumbling. According to two people familiar with his travel schedule, Huang met

Are we nearly there yet? For anyone who has ever gone on a longish road trip with young children, the phrase will have been burned into the memory banks. It’s also becoming the most frequently asked question from investors, most of whom have been seared by the tumult on global financial markets during the past

Specialist Gennaro Saporito works on the floor of the New York Stock Exchange, Wednesday, April 16, 2025. Richard Drew/AP/AP hide caption toggle caption Richard Drew/AP/AP NEW YORK — U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said

Washington CNN  —  President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, putting the Federal Reserve in uncharted waters, Chair Jerome Powell said Wednesday. “These are very fundamental policy changes,” Powell said at an event hosted by the Economic Club of Chicago. “There isn’t a modern experience of

ADVERTISEMENT US Federal Reserve (Fed) Chair Jerome Powell acknowledged on Wednesday that the central bank is facing a growing dilemma in fulfilling its dual mandate of price stability and maximum employment. Speaking against the backdrop of an intensifying global trade war, Powell warned that escalating tariffs could fuel inflation while undermining growth, complicating the path

New York CNN  —  US stocks fell Wednesday as Federal Reserve Chair Jerome Powell warned that President Donald Trump’s tariffs are unprecedented in modern history, with effects that “remain highly uncertain.” The Dow tumbled 700 points, or 1.73%. The broader S&P 500 fell 2.24%. The tech-heavy Nasdaq Composite tumbled 3.07%. “The level of the tariff

The stock market showed little signs of recovery from the Trump administration’s chaotic tariff rollout after the Federal Reserve issued a bleak outlook on Wednesday. A CNN expert warned Wednesday night that “bad news is coming” as the markets took another beating. Stocks plummeted after Federal Reserve chairman Jerome Powell said the Fed was keeping