Bloomberg News Now April 25, 2025: Trade Framework In Play, Powell Decries Politics, More
Apr 26, 2025
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US Trade Framework Strategy
- The Trump administration aims to use a standard trade framework for talks with 18 nations to avoid further tariff increases.
- Key issues include tariffs, non-tariff barriers, economic security, and digital trade under a strict timeline.
Federal Pension Reform Proposal
- A large House tax and spending package proposes reducing federal employee pension benefits.
- Changes include higher premium payments and lower benefits, targeting cost reductions amid workforce disruptions.
Powell Defends Fed Independence
- Federal Reserve Chair Jerome Powell emphasized protecting central bank independence from politics.
- This focus ensures stable inflation and employment, earning strong approval from global finance leaders.