Hey there! If you’ve been following the news, you might’ve heard some buzz about President Donald Trump and Federal Reserve Chair Jerome Powell. On July 16, 2025, Trump made headlines by saying he’s not planning to fire Powell. But, as you might guess with Trump, there’s more to the story. Let’s break it down in a way that’s easy to follow and feels like a chat with a friend.
U.S. Economy
Trump’s Plan to Add New 15% Tariffs on Imports: What You Need to Know
Learn about the Trump administration’s plan to temporarily impose tariffs on global imports using an old trade law. Discover why this matters and what could happen next.
Federal Reserve chairman Jerome Powell announced an interest rate cut of 0.25% Wednesday
Federal Reserve chairman Jerome Powell announced an interest rate cut of 0.25% Wednesday, confirming analysts’ expectations of a cut amid softening inflation, a strong consumer economy and an uncertain international trade outlook.
If Fed’s ‘50 B’s’ Are Wrong Now, Then When Is Right?
In between tweets about Michael Flynn’s court appearance and Twitter making it hard for him to accumulate followers, President Donald Trump on Tuesday made an eye-catching remark about monetary policy: “Stop with the 50 B’s,” he told the Federal Reserve.
Fed is Expected to Raise Interest Rates Wednesday
The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman Jerome Powell to sound dovish — but not too dovish. Fed officials are also expected to revisit their fed funds rate forecasts and roll back some of the rate hikes expected in the next several years.
Fed Expected to Hike Rates Twice More This Year and then Risk a ‘Policy Mistake’ – Gold Silver Reports
Gold Silver Reports (GSR) — A full 98 percent of the 46 respondents, who include economists, fund managers and strategists, see the Fed hiking rates a quarter point this week to a new range of 2 to 2¼ percent. And 96 percent believe another quarter-point hike is coming in December.