Global News Podcast As stock markets tumble again, Trump calls for a cut to interest rates
60 snips
Apr 4, 2025 AI Snips
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Market Reaction to Tariffs
- Investors reacted negatively to Trump's tariffs, with some markets experiencing their worst falls since COVID.
- Trump called for interest rate cuts, but Jerome Powell suggested this was unlikely due to inflation concerns.
Trump's Interest Rate Plea
- Trump pushed for an interest rate cut to alleviate the financial strain on businesses and individuals caused by high inflation.
- Jerome Powell, however, prioritized controlling long-term inflation over short-term economic relief.
Main Street Impact of Tariffs
- Jacobson Appliance in New Jersey anticipates price increases of 30-40% due to tariffs.
- A New Jersey resident expresses concern about the impact on daily expenses, while another supports the tariffs.