Fed Cuts Rates Amid Trump's Economic Agenda: Inflation Concerns Loom
The Federal Reserve has cut interest rates for the second consecutive time following Donald Trump's election victory, amid concerns that his proposed economic policies could lead to increased inflation and impact monetary policy decisions.
Nissan Cuts 9,000 Jobs as Auto and Construction Industries Face Crisis
Nissan announces a significant job cut of 9,000 as it restructures amid declining sales and profits, reflecting a broader crisis in the automotive sector. Meanwhile, Hamberger Flooring in Germany lays off 40 employees due to challenges in the construction industry.
Fed Chairman Powell Refuses to Resign Despite Trump Pressure
Jerome Powell, Chairman of the Federal Reserve, asserts he will not resign if President-elect Donald Trump requests it, citing legal protections for his role.
Fed Chair Jerome Powell Refuses to Resign Amid Trump Presidency
Jerome Powell, Chairman of the U.S. Federal Reserve, affirmed he will not resign even if President-elect Donald Trump requests it, emphasizing the Fed's independence and the lack of short-term impact from the election on monetary policy.
Fed Cuts Rates as Trump’s Victory Sparks Inflation Concerns
The Federal Reserve has cut interest rates following Donald Trump's election, raising concerns about potential inflation due to his proposed economic policies.
Trump's Election Victory Boosts Musk's Wealth by $26.5 Billion
Elon Musk's fortune increased by $26.5 billion following Donald Trump's election victory, marking a significant economic impact on Wall Street and boosting the fortunes of several billionaires.