Page 2 - Powell Today News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tonight as president trump lashes out about the economy, a scramble is unfolding behind the scenes in the west wing about how to respond to china's tariff retaliation. amid fears of an economic slowdown, trump today held an unpopularity contest between his hand-picked fed chairman and the communist leader of china, asking, who is our bigger enemy, jay powell or chairman xi? trump adding that american companies are "hereby ordered to look for alternatives to china." this after china announced retaliatory tariffs on $75 billion in american goods. the markets at one point appearing to tumble with...

Jay powell or chairman xi? trump adding that american companies are, quote, hereby ordered to look for alternatives to china. this after china announced retaliatory tariffs on $75 billion in american goods. the markets, at one point, appearing to tumble with each tweet by the president. dropping more than 300 points after his attacks on the fed and even further after he promised a response to china's latest retaliatory moves. powell today issuing a veiled warning about trump's trade wars, telling bankers and economists that fitting trade uncertainty into this framework is a new challenge. one ...